Aboki Naira to Dollar Black Market Exchange Rate Today, 27th April 2026

As of Monday, April 27, 2026, the Nigerian naira continued to trade at a discount in the parallel market against the US dollar, with exchangers quoting the greenback at around 1,390 naira for buying and up to 1,400 naira for selling. This level reflects steady demand for foreign currency amid ongoing liquidity challenges in the formal forex windows.

Traders and Bureau De Change operators in major cities like Lagos reported similar figures, where individuals seeking dollars for travel, imports, or personal needs often pay a premium compared to the official rate. The Central Bank of Nigeria’s reference rate hovered near 1,358 naira per dollar, creating a gap of roughly 30 to 40 naira that underscores the persistent divide between regulated and unregulated segments of the market.

Market participants noted that the naira has shown relative stability in recent sessions, with minor fluctuations influenced by dollar supply from remittances and limited interventions. However, high demand from businesses and individuals has kept pressure on the parallel segment, preventing sharper appreciation. For context, exchanging 100 dollars today would typically fetch between 139,000 and 140,000 naira, depending on the dealer and volume.

Analysts suggest that sustained inflows and policy measures aimed at boosting forex availability could narrow the spread in the coming weeks, though external factors such as global oil prices and investor sentiment will play key roles. Nigerians monitoring their savings or planning cross-border transactions are advised to compare rates across reliable sources before making exchanges, as street-level quotes can vary slightly by location and time of day.

This situation highlights the enduring appeal of the black market for quick, flexible deals despite official directives encouraging the use of banks and licensed operators.