Aboki Naira to Dollar Black Market Exchange Rate Today, 20th September 2026
The unofficial parallel market for the naira, widely known as the Aboki or black market rate, opened Sunday 20 September 2026 with street dealers in Lagos, Abuja, Kano and Port Harcourt quoting the US dollar at ₦1,390 to sell and ₦1,375 to buy.
That means anyone seeking cash dollars from bureau operators or roadside traders would pay ₦1,390 for each unit, while those converting dollars into naira would receive ₦1,375. The ₦15 spread between the two prices is typical for weekend trading when official windows are closed.
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The Central Bank of Nigeria’s official Nigerian Foreign Exchange Market rate stood near ₦1,329.86–₦1,330.70, leaving a premium of roughly 4.3 percent on the street.
Traders said demand remained moderate after a week of relatively tight ranges, with some reports noting a modest upward adjustment of about 2.58 percent from Friday’s quotes in certain locations while others described the market as largely unchanged. Thirty-day highs had touched ₦1,505 and lows ₦1,355, so today’s ₦1,390 selling price sits comfortably inside the recent band.
Market participants attributed the modest premium to continued demand for travel, school fees and small-scale imports that cannot easily access official allocations, even as Nigeria’s external reserves have climbed above $54 billion and oil prices have stayed supportive.
Because Sunday trading is informal and volumes are thinner, actual cash rates can still vary by a few naira depending on the city, the size of the transaction and the quality of the notes presented. Dealers advised customers to confirm quotes in person before exchanging large sums.
For everyday conversions the figures translate as follows: $100 costs ₦139,000 on the street and fetches ₦137,500 when sold; $1,000 costs ₦1,390,000 and yields ₦1,375,000.
These prices remain the benchmark most Nigerians use when official channels are unavailable or too slow. Observers expect the parallel market to stay sensitive to any fresh policy signals or shifts in oil receipts when official trading resumes on Monday.
