Aboki Naira to Dollar Black Market Exchange Rate Today, 1st September 2026
The black market exchange rate for the dollar to naira stands at ₦1,410 today, 1st September 2026, according to tracking from currency dealers in Lagos, Abuja and Kano. This figure represents a rise of about 4.06 percent from the previous session, with aboki traders across major commercial hubs quoting roughly ₦1,410 to sell a dollar to buyers.
On the buying side, dealers are offering closer to ₦1,400 for a dollar, meaning anyone looking to sell foreign currency on the parallel market can expect that lower figure. The gap between the buying and selling prices remains the standard spread that street traders use to make their margin on each transaction.
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Using today’s rate, 100 dollars converts to roughly ₦141,000 on the black market, while 500 dollars fetches about ₦705,000. A transaction of 1,000 dollars would bring in approximately ₦1,410,000 at today’s quoted price. These figures fluctuate throughout the day as dealers adjust to demand from travelers, importers and everyday Nigerians seeking foreign currency outside the banking system.
At the Central Bank of Nigeria’s official window, the dollar has been trading around ₦1,337, leaving a gap of roughly ₦73 between the regulated market and the parallel market. This divergence persists even as the naira has posted gains elsewhere, with the country’s external reserves climbing to $53.31 billion in recent weeks, a build-up analysts say should eventually help narrow the spread between both markets.
For now, the black market continues to serve as the go-to option for many Nigerians unable to access dollars through commercial banks, particularly students paying for international tuition, travelers preparing for trips abroad and small businesses settling import bills. Traders in Lagos, Abuja and Kano remain the most closely watched benchmarks for the daily rate, since pricing across other cities typically mirrors what changes hands in these three centers.
Nigerians are advised to compare rates across multiple sources before exchanging funds, as prices can vary slightly between individual dealers and locations even on the same day.
