Aboki Naira to Dollar Black Market Exchange Rate Today, 28th April 2026

The Nigerian naira traded with minimal volatility in the black market today, with currency dealers quoting the US dollar between ₦1,394 for buying and ₦1,405 for selling in major trading hubs across Lagos, Abuja, and Kano.

This level reflects a slight firming from earlier in the week, when the parallel rate had hovered closer to ₦1,390 buy and ₦1,398 sell in certain spots. Market participants reported steady but cautious demand for foreign currency amid ongoing pressures from importers and individuals seeking dollars for travel and other transactions outside official channels.

In contrast, the Central Bank of Nigeria’s reference rate stood firmer at approximately ₦1,358 to ₦1,364 per dollar, maintaining a premium of roughly 30 to 45 naira in the informal segment. This gap continues to highlight the persistent divide between official supply and retail demand in the foreign exchange market.

Analysts note that the relative stability observed today comes as stakeholders await further policy directions from monetary authorities. Recent interventions and liquidity management efforts by the apex bank have helped curb sharper depreciations, though structural challenges such as import reliance and dollar scarcity in the formal window keep the parallel market active.

For ordinary Nigerians, the implications remain tangible. Exchanging $100 today would typically fetch between ₦139,400 and ₦140,500 in the black market, influencing costs for imported goods, remittances, and everyday business operations. Dealers advised caution, warning that rates can shift quickly based on availability and sudden surges in demand.

As the day progressed, activity remained moderate with no major swings reported by the close of business. Observers will be watching developments in the coming days for any signals of renewed tightening or easing in foreign exchange policies.