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

In Lagos and other major cities across Nigeria, the parallel market exchange rate for the US dollar remained largely stable today, with dealers buying the greenback at approximately ₦1,385 to ₦1,393 and selling it around ₦1,400.

This reflects the typical spread observed in the black market, often referred to locally through platforms like Aboki Forex, where supply and demand dynamics continue to shape daily quotations.

Market participants reported consistent activity amid ongoing pressures from import demands and limited dollar inflows. Compared to recent sessions, the naira showed minor resilience, with the selling rate hovering near ₦1,400, a level that has persisted through much of the past week despite occasional upward ticks.

Official rates from the Central Bank of Nigeria stood lower, around ₦1,381 for the dollar, highlighting the persistent gap between the formal and informal segments. Analysts attribute the current stability to a combination of factors, including cautious optimism over potential foreign exchange interventions and seasonal remittances.

However, businesses reliant on foreign currency for raw materials and finished goods expressed concerns about sustained high costs, which could feed into inflation if the disparity widens further. Currency traders in key hubs like Abuja and Kano echoed similar figures, noting brisk but orderly transactions without significant volatility.

As the day progressed, observers monitored broader economic indicators, such as oil prices and policy announcements, for clues on future movements.

For now, the black market offers a snapshot of the naira’s real-time valuation in everyday trade, serving as a barometer for millions navigating Nigeria’s forex landscape. Individuals seeking to exchange funds are advised to verify rates locally, as they can fluctuate based on volume and location.