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

On January 23, 2026, the Naira to Dollar Black Market Exchange Rate remained stable, narrowing the gap with the official rate.

According to reports from major sources tracking the Aboki Forex and parallel market rates (commonly referred to as “Aboki Naira to Dollar”), the black market rate ranged from ₦1,470 to ₦1,490 per US dollar in key trading hubs such as Lagos, Abuja, Port Harcourt, and Kano.

• Buying rate (how much dealers pay for dollars): Approximately ₦1,470–₦1,485.
• Selling rate (how much you pay to buy dollars): Around ₦1,480–₦1,490.

This reflects a slight tightening compared to earlier in the week, when some aggregators reported sell rates as high as ₦1,500 on January 22. The parallel market premium over the official rate remains modest, signaling improved forex supply dynamics and CBN interventions.

For comparison, the official exchange rate at the Nigerian Foreign Exchange Market (NFEM), as published by the Central Bank of Nigeria (CBN) and related trackers, stood at approximately ₦1,418–₦1,422 per dollar on January 23, 2026. Recent sessions showed the naira holding firm around ₦1,418.16 to ₦1,422, with minor daily fluctuations.

Key Market Insights for January 23, 2026

• The naira has shown resilience in early 2026, supported by rising external reserves, steady oil inflows, and policy measures to unify exchange rates.
• Parallel market rates have trended within the ₦1,400–₦1,500 band in recent weeks, down from higher volatility in late 2025.
• Analysts note that convergence between official and black-market rates remains a positive development for the first quarter of 2026, potentially reducing arbitrage opportunities and easing pressure on importers and travelers.

Rates in the black market can vary by location, dealer, and transaction size—always verify with trusted local sources before any exchange. Official rates are available directly from the CBN website for the most accurate reference. Economic observers expect the naira to remain relatively stable in the near term, barring major global shocks.