Aboki Naira to Dollar Black Market Exchange Rate Today, 21st June 2026

The Nigerian naira continued its downward slide in the black market on Saturday, with currency dealers quoting the US dollar at around ₦1,405 for selling and ₦1,390 for buying in major commercial hubs including Lagos, Abuja, and Kano.

This represents a marginal increase from Friday’s levels, where the parallel market rate hovered near ₦1,400 to ₦1,406, reflecting ongoing supply shortages amid high demand for foreign exchange by businesses and individuals.

Street traders, popularly known as Aboki, reported brisk activity early in the day as importers scrambled to meet obligations ahead of the new week. One dealer in the Ikeja area noted that the premium over the official rate has widened slightly, driven by limited dollar inflows from remittances and oil exports. The Central Bank of Nigeria’s official rate stood close to ₦1,360 per dollar, leaving a gap of over ₦40 that continues to fuel activity in the unregulated segment.

Analysts attribute the naira’s recent volatility to broader economic factors, including inflation pressures and the need for more aggressive forex interventions. While the apex bank has injected funds into the market in recent weeks, parallel rates have remained elevated, hitting occasional 12-month peaks in the process.

Market watchers expect the rate to fluctuate further in the coming days depending on weekend trading volumes and any fresh policy signals from monetary authorities. For now, individuals seeking to exchange dollars are advised to compare quotes across multiple sources, as spreads can vary by location and transaction size.

The situation underscores the persistent challenges facing Nigeria’s foreign exchange market, even as authorities push for greater stability through unified rate windows and improved liquidity.