Aboki Naira to Dollar Black Market Exchange Rate Today, 2nd February 2026
The Nigerian Naira remained relatively stable in the parallel (black) market on Monday, February 2, 2026, amid ongoing economic measures and global currency dynamics.
According to leading trackers like Aboki Forex, the black market exchange rate for 1 US Dollar stood at approximately ₦1,450 today.
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This rate reflects the amount buyers can expect to receive when selling dollars in the informal market, with minor variations depending on location, volume, and dealer.
- Buy rate (what dealers pay for dollars): Around ₦1,440–1,450
- Sell rate (what buyers pay in Naira for dollars): Around ₦1,450–1,465
Other sources, including user-reported data on platforms like NgnRates.com, indicated an average sell rate hovering near ₦1,460 in recent updates, while some Bureau de Change (BDC) operators in major cities like Lagos, Abuja, and Kano quoted ranges between ₦1,465 and ₦1,480.
For comparison:
- The official Nigerian Foreign Exchange Market (NFEM) rate, as reported in mid-morning trading, was around ₦1,396–1,399 per dollar, showing continued appreciation in the regulated window.
- The parallel market premium remains at roughly ₦50–80 over the official rate, narrower than in previous months but still reflecting demand pressures in the informal sector.
Analysts attribute the Naira’s steadiness to factors including improved forex inflows, CBN interventions, and seasonal effects early in the year. However, the black market rate — often referred to as the “Aboki rate” due to its association with street-level BDC traders — continues to serve as a key benchmark for many importers, travelers, and everyday Nigerians seeking dollars outside official channels.
Rates in the parallel market can fluctuate rapidly throughout the day, driven by supply, demand, and news events. Traders advise checking real-time sources like Aboki Forex or trusted BDC operators for the latest quotes before transactions. The outlook for February remains cautiously positive, with some projections suggesting the official-parallel gap could narrow further if forex supply sustains.
