Aboki Naira to Dollar Black Market Exchange Rate Today, 27th February 2026
Naira is holding relatively steady in the parallel (black) market amid ongoing stabilization efforts by the Central Bank of Nigeria (CBN).
According to updates from popular platforms like Aboki Forex and trader reports from major cities including Lagos, Abuja, Kano, and Port Harcourt, the black market rate for 1 US Dollar (USD) to Nigerian Naira (NGN) is hovering around ₦1,358 to ₦1,368 for selling, with buying rates slightly lower in the ₦1,358 range in some hubs.
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- Key Black Market (Parallel Market) Rates Today:
- Selling Rate (how much Naira you get for $1): Approximately ₦1,365 (commonly referenced on Aboki Forex trackers).
- Buying Rate (how much Naira you pay to buy $1): Around ₦1,358–₦1,360.
- Range across locations: ₦1,358–₦1,368, reflecting minor variations by dealer and location.
This represents a narrower spread than the official market, where the Naira opened around ₦1,355.25 per dollar in the Nigerian Foreign Exchange Market (NFEM) and appreciated slightly to near ₦1,353.97 in early trading. The official closing rates from recent days have been in the ₦1,359–₦1,360 vicinity, with the parallel market converging closely (spread often under 1.5%).
Analysts attribute the stability to the CBN’s policies integrating Bureau De Change (BDC) operators more into the formal system, reducing speculative pressures and narrowing the gap between official and informal rates. This has helped anchor expectations and limit volatility, even as global factors like oil prices and international talks continue to influence sentiment.
Traders note that demand is met by available supply in most hubs, though minor intraday fluctuations can occur based on local liquidity. For the most precise real-time quotes, check trusted sources like Aboki Forex apps, user comments on ngnrates.com, or direct BDC contacts in your area, as rates can change quickly.
The Naira has shown resilience this week, resisting sharper depreciation despite earlier pressures in February 2026. Market watchers expect it to trade in a tight band unless major external shocks arise. Always verify with multiple sources before any transaction, as black-market rates are unregulated and subject to negotiation.
