Aboki Naira to Dollar Black Market Exchange Rate Today, 1st June 2026

In Nigeria’s bustling parallel foreign exchange market, popularly known as the Aboki FX segment, the US dollar traded within a narrow band early on Monday, reflecting cautious stability amid ongoing pressures on the local currency.

Currency dealers in key hubs like Lagos, Abuja, and Kano quoted the greenback at approximately ₦1,375 for buying and ₦1,385 for selling, mirroring levels observed at the close of the previous trading session.

This rate positions the black market premium close to the Central Bank of Nigeria’s official window, where the naira hovered around ₦1,375 per dollar in recent interbank dealings. Market participants noted limited volatility overnight, with supply from diaspora remittances and some exporter inflows helping to balance demand from importers and individuals seeking hard currency for travel or business needs.

Analysts attribute the relative calm to sustained interventions by monetary authorities and a gradual improvement in foreign reserves. However, challenges persist, including inflation concerns and global oil price fluctuations that continue to influence investor sentiment toward the naira. Traders remain watchful for any policy announcements from the CBN that could shift liquidity in the coming days.

For businesses and travelers, the parallel market continues to serve as a vital barometer. A single US dollar fetches between ₦1,375 and ₦1,385 depending on volume and negotiation, with larger transactions often attracting slightly better terms. Experts advise monitoring updates closely, as rates can adjust quickly based on intraday supply dynamics.

As Nigeria navigates its economic recovery path, the resilience shown in today’s trading underscores a delicate equilibrium in the forex space, even as broader structural reforms aim to narrow the gap between official and street rates over time.