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

The Nigerian naira held largely stable in the black market on Friday, with dealers quoting the US dollar between ₦1,378 and ₦1,390, reflecting cautious trading amid ongoing efforts to manage foreign exchange supply.

Currency traders in key hubs like Lagos, Abuja, and Kano reported buying dollars at around ₦1,375 to ₦1,378 while selling at ₦1,385 to ₦1,390. This narrow spread indicates balanced demand and supply in the parallel market, often referred to locally as the Aboki rate.

Market watchers noted that improved short-term liquidity from recent interventions helped prevent sharper swings, even as broader economic pressures from inflation and import needs continue to influence trader sentiment. The Central Bank of Nigeria’s official rate hovered near ₦1,375, keeping the gap with the parallel market relatively modest compared to previous months.

Analysts suggest the stability could be short-lived if inflows from oil exports or diaspora remittances do not pick up pace. Many businesses and individuals still rely on the parallel market for transactions not fully covered by official windows, particularly for small-scale imports and travel needs.

For context, 100 US dollars would fetch approximately ₦137,500 to ₦139,000 at current parallel rates, a figure that directly affects everyday costs for fuel, electronics, and other dollar-denominated goods.

Participants are advised to verify rates with trusted bureau de change operators, as they can vary slightly by location and volume. The situation remains fluid, with many expecting updates from monetary authorities in the coming days to guide expectations for the naira’s performance.