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

Currency dealers in Nigeria’s parallel market reported the US dollar exchanging at approximately ₦1,405 to ₦1,410 on Wednesday, reflecting a period of relative stability in forex dealings amid ongoing efforts by authorities to manage liquidity.

Traders across major cities including Lagos, Abuja, and Kano quoted the buying rate near ₦1,405 and the selling rate around ₦1,410 for the greenback, according to trackers monitoring street-level transactions. This narrow spread indicates balanced supply and demand in the unregulated segment, where many individuals and small businesses source foreign currency for imports, travel, and other needs not easily met through formal channels.

For comparison, the Central Bank of Nigeria’s official rate stood firmer at about ₦1,375 per dollar, highlighting the persistent but contained gap between the two markets. Market watchers noted that the naira has shown resilience in recent sessions, supported by inflows from remittances, oil sector activities, and policy measures aimed at boosting dollar availability.

Analysts attribute the current steadiness to improved forex supply from various windows, even as broader economic pressures such as inflation and import costs continue to influence demand. Participants in the market remain cautious, with some expecting fluctuations depending on fresh inflows and global oil prices in the coming days.

Businesses and travelers are advised to verify rates with licensed dealers before transactions, as parallel market figures can vary slightly by location and volume. The situation underscores Nigeria’s ongoing balancing act in unifying exchange rates while addressing the needs of everyday users reliant on accessible forex.