Aboki Naira to Dollar Black Market Exchange Rate Today, 22nd May 2026

The Nigerian naira maintained a relatively stable position in the black market against the US dollar today, with currency dealers quoting the greenback at approximately 1,392 naira for buying and 1,397 naira for selling.

This parallel market rate reflects ongoing demand for foreign exchange amid limited supply, even as the Central Bank of Nigeria’s official window shows the dollar trading closer to 1,373 naira. The gap between the two markets continues to highlight persistent pressures on the local currency, driven by import needs and speculative activities.

Market participants in major cities like Lagos, Abuja, and Kano reported brisk trading early in the day, with many attributing the mild firmness in the naira to recent inflows from diaspora remittances and oil sector earnings. However, analysts caution that volatility could return if global oil prices fluctuate or if domestic inflation remains elevated, affecting purchasing power for ordinary Nigerians reliant on imported goods.

Business owners and travelers exchanging dollars noted a slight premium in the parallel market compared to previous sessions, underscoring the role of informal dealers in bridging supply shortages. Economic experts suggest that sustained stability would depend on stronger policy measures to boost non-oil exports and attract more foreign investments.

As the day progresses, observers will be watching for any interventions or announcements from monetary authorities that could influence trading sentiment in the coming week.