Aboki Naira to Dollar Black Market Exchange Rate Today, 29th April 2026

The Nigerian naira traded firmly in the black market today, with dealers quoting the US dollar between ₦1,390 for buying and ₦1,400 for selling, reflecting a modest uptick from recent sessions amid ongoing demand for foreign currency.

Market participants in major hubs like Lagos reported active trading as importers and businesses sought dollars to meet obligations, while supply from remittances and other inflows helped prevent sharper depreciation. The parallel rate remained close to the official window, where the Central Bank of Nigeria pegged the dollar at approximately ₦1,364, narrowing the gap that has historically fueled volatility in the forex space.

Analysts attribute the relative stability to sustained efforts by monetary authorities to improve dollar liquidity through various interventions. However, challenges persist, including inflationary pressures and the need for stronger export earnings to bolster reserves. Currency traders noted increased caution among players ahead of potential policy announcements that could influence liquidity in the coming weeks.

For everyday Nigerians relying on the parallel market for transactions such as school fees, medical tourism, or small-scale imports, today’s rates mean exchanging $100 yields roughly ₦139,000 to ₦140,000, depending on the dealer’s margin and volume. Experts advise monitoring developments closely, as external factors like global oil prices and domestic fiscal policies could sway the naira’s trajectory in the short term.

This equilibrium in the Aboki rates comes as stakeholders continue to call for deeper structural reforms to reduce dependence on imports and enhance local production, which many believe holds the key to long-term currency strength.