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

The Nigerian naira continued to trade with mild pressure in the black market today, with dealers quoting the US dollar at around ₦1,390 for buying and ₦1,400 for selling, according to widely followed platforms like Aboki Forex.

This represents a relatively stable position compared to recent sessions, though the gap with the official market persists. The Central Bank of Nigeria’s reference rate hovered near ₦1,370 per dollar, leaving a notable premium in the parallel segment where most retail transactions occur.

Currency traders in major hubs such as Lagos, Abuja, and Kano reported steady demand from importers and individuals seeking dollars for travel and business needs. Supply remained constrained amid ongoing efforts by authorities to improve forex inflows through oil revenues and diaspora remittances.

Some market watchers noted a slight uptick in activity as businesses prepared for end-of-month obligations. Economists point to broader factors influencing the exchange rate, including global oil price trends and domestic inflation.

While the naira has shown resilience in recent weeks due to policy interventions, analysts caution that sustained dollar scarcity could widen the parallel-official spread further.

“Traders are cautious, balancing between current liquidity and expectations of new forex supply measures,” said one Lagos-based dealer who preferred anonymity. Many Nigerians continue to rely on the black market for quick access to foreign currency despite warnings from regulators about its risks.

As the day progressed, volumes in the parallel market appeared moderate, with no major swings reported. Stakeholders urge the government to accelerate diversification efforts and boost non-oil exports to ease long-term pressure on the local currency.

Investors and citizens alike will be watching developments closely in the coming days for any shifts in policy or market dynamics.