Aboki Naira to Dollar Black Market Exchange Rate Today, 28th May 2026
In Nigeria’s parallel foreign exchange market, popularly referred to as the black market or Aboki rate, the naira held steady against the US dollar today. Currency dealers across major cities including Lagos, Abuja, and Kano quoted the greenback at approximately ₦1,385 for selling and ₦1,375 for buying, reflecting a narrow spread amid balanced supply and demand.
This level aligns closely with the Central Bank of Nigeria’s official rate, which hovered around ₦1,375 per dollar, narrowing the premium between the two windows to minimal levels. Market participants noted improved forex liquidity in recent sessions, attributed to higher interbank activity and inflows from remittances and export proceeds, which helped ease pressures that had pushed rates higher in prior weeks.
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Traders reported cautious optimism as the market digested ongoing monetary policy signals from the apex bank. With reserves reportedly strengthening and external borrowings under scrutiny, many observers expect the naira to consolidate in the near term unless fresh demand surges from importers ahead of the festive period. However, analysts caution that any disruption in oil revenues or global uncertainties could quickly widen the gap once more.
Businesses reliant on foreign currency for imports continue to navigate the dual-rate environment carefully. While official channels offer predictability for larger transactions, individuals and small enterprises still turn to the parallel market for speed and flexibility, though rates can vary slightly by location and transaction volume.
As the day progressed, activity remained moderate with no significant volatility observed. Stakeholders are watching closely for updates from the CBN that could influence sentiment in the coming days. For now, the naira demonstrates resilience, providing a measure of relief to households and operators tracking daily exchange fluctuations.
Currency watchers advise verifying live quotes with trusted dealers before any transaction, as parallel market dynamics can shift rapidly based on local supply conditions.
