Aboki Naira to Dollar Black Market Exchange Rate Today, 23rd April 2026

As of Thursday, April 23, 2026, the Nigerian naira continued to trade at elevated levels against the US dollar in the parallel market, with the widely tracked Aboki rate holding steady around 1,390 to 1,400 naira per dollar. Currency dealers in major hubs like Lagos reported buying the greenback at approximately 1,390 naira while selling it between 1,398 and 1,400 naira, reflecting a narrow spread amid moderate trading activity.

This stability comes after a slight uptick observed in recent sessions, where the parallel market rate edged higher by about 0.7 percent from earlier in the week. Traders attributed the movement to persistent demand for foreign currency by importers and individuals seeking dollars for travel, education, and medical purposes, even as dollar supply from remittances and other inflows provided some balance.

In contrast, the official rate published by the Central Bank of Nigeria stood lower, hovering near 1,350 naira per dollar based on the latest Nigerian Foreign Exchange Market (NFEM) figures. The gap between the two markets underscores ongoing challenges in unifying exchange rates and managing liquidity in the forex ecosystem.

Market participants noted that the naira’s performance remains sensitive to global oil prices, foreign investor sentiment, and domestic economic policies aimed at boosting non-oil exports. While some analysts point to gradual improvements in dollar availability through official channels, many businesses and households still turn to the parallel market for quicker access, albeit at a premium.

For those planning transactions today, rates can vary slightly by location and volume, so checking with reputable dealers is advisable. The situation highlights the importance of monitoring developments closely, as forex dynamics in Nigeria often shift rapidly in response to policy announcements or external pressures.