Aboki Naira to Dollar Black Market Exchange Rate Today, 24th March 2026
Naira holds steady in the parallel market as the US Dollar trades between ₦1,405 and ₦1,415 on Tuesday, 24th March 2026, with a narrow gap to the official rate.
Nigeria’s parallel foreign exchange market showed modest stability on Tuesday as the US Dollar traded at around ₦1,405 to ₦1,415 per dollar in the black market, popularly tracked through platforms like Aboki Forex.
According to real-time updates from major parallel market sources and Aboki Forex trackers, dealers in key cities such as Lagos and Abuja were buying dollars at approximately ₦1,395 to ₦1,405 and selling at ₦1,405 to ₦1,415. This reflects a relatively tight spread compared to previous weeks, with slight variations depending on location and transaction volume.
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For context, the rate on Monday, 23rd March 2026, hovered in a similar range, with selling prices often quoted around ₦1,405–₦1,410 in many BDC reports. The naira has maintained a steady posture in the unofficial segment recently, helped by improved dollar liquidity from official interventions, though demand from importers and individuals traveling abroad continues to exert mild pressure.
Comparison with Official Rate
In the official window, the Central Bank of Nigeria (CBN) rate stood near ₦1,388–₦1,370 per dollar on the Nigerian Foreign Exchange Market (NFEM), creating a gap of roughly ₦20–₦45 between the two markets. This narrowed spread indicates better alignment between formal and informal channels than seen in earlier months.
Other Major Currencies in the Black Market (Approximate Rates)
- British Pound (GBP): Buying around ₦1,850–₦1,870 | Selling ₦1,870–₦1,890
- Euro (EUR): Buying around ₦1,600–₦1,620 | Selling ₦1,620–₦1,640
Traders advise caution, as black market rates can fluctuate quickly based on supply availability and news from the CBN. Many recommend verifying live quotes directly from trusted Bureau de Change operators or reliable apps before transacting.
The parallel market remains an important reference point for businesses and individuals who need immediate access to foreign currency outside official channels. Analysts expect the naira to stay range-bound in the short term unless significant policy shifts or inflows occur.
Note: Exchange rates in the black market are unregulated and can vary by dealer. Always cross-check multiple sources and exercise due diligence for any currency transaction.
Stay tuned for tomorrow’s update as market dynamics continue to evolve.
