Aboki Naira to Dollar Black Market Exchange Rate Today, 29th January 2026
The Naira continued to demonstrate resilience against the US Dollar in Nigeria’s foreign exchange markets on Thursday, January 29, 2026, with the parallel or black market—often referenced through platforms like Aboki Forex—showing rates generally in the ₦1,460 to ₦1,480 range.
Aboki Forex indicated a black market rate of around ₦1,460 per US Dollar, while aggregated user reports and trackers from sources such as NgnRates.com pointed to a selling rate near ₦1,480 and a buying rate of approximately ₦1,465, reflecting a modest daily improvement or stabilization in some locations compared to prior sessions.
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Across major cities, including Lagos, Abuja, Port Harcourt, and Kano, the average parallel market quotes hovered between ₦1,465 for buying and ₦1,480 for selling, with slight variations depending on dealer and volume.
In the official Nigerian Foreign Exchange Market managed by the Central Bank of Nigeria, the rate traded firmly around ₦1,396 to ₦1,397 per Dollar during the day’s sessions, having opened near ₦1,395 and showing minor positive movements to settle at one of the strongest levels recorded since mid-2024. This has narrowed the premium between official and parallel rates to roughly ₦70–₦85, a sign of enhanced FX liquidity, bolstered external reserves, and easing speculative activity as noted by market participants.
The Naira’s ongoing gains stem from sustained CBN interventions, including the Electronic Foreign Exchange Matching System, as well as steady inflows from oil revenues and remittances. Observers remain cautiously positive, suggesting the currency may hold within a narrower range through early 2026 if supportive global oil prices persist and domestic policy measures continue uninterrupted.
Black-market rates can shift quickly based on location, transaction size, and individual dealer offers, so individuals should confirm with reliable local sources for immediate transactions, while official figures are drawn directly from CBN and NFEM data.
