Aboki Naira to Dollar Black Market Exchange Rate Today, 24th June 202

Currency traders in Nigeria’s parallel market reported steady trading conditions for the naira against the US dollar today, with the black market exchange rate holding firm around ₦1,390 to ₦1,395 per dollar.

Dealers, commonly referred to as Aboki, quoted buying rates near ₦1,390 and selling prices up to ₦1,395, reflecting minimal fluctuations from the previous session.

This stability comes amid ongoing efforts by monetary authorities to align official and unofficial windows more closely. The Central Bank of Nigeria’s official rate stood near ₦1,370 per dollar, creating a modest gap that continues to influence demand in the informal segment.

Market participants noted increased activity in major cities like Lagos, Abuja, and Kano, where supply from diaspora remittances and small-scale exporters helped sustain the current levels without significant pressure.

Analysts attribute the relatively calm trading to improved foreign exchange inflows and cautious sentiment ahead of potential policy announcements.

However, some observers warned that persistent demand for dollars in the parallel market could test these levels if inflows slow. Importers and travellers remained active, seeking better rates outside formal channels for various transactions.

For businesses and individuals, the parallel market remains a key reference point despite regulatory pushes toward unification. A single US dollar purchased today in the black market would fetch between ₦1,390 and ₦1,395 when exchanged, offering a slight premium over official figures.

As the day progressed, no major shifts were observed, with traders describing the market as balanced. Stakeholders will continue monitoring developments in the coming days for any signals of volatility or further intervention.