Aboki Naira to Dollar Black Market Exchange Rate Today, 2nd March 2026

The Nigerian Naira remained remarkably stable in the parallel market as trading got underway on this Monday morning in major cities across the country.

Popular trackers and dealer quotes, including those widely referenced as Aboki rates, showed one US dollar exchanging for approximately ₦1,365 in the black market around midday.

In bustling forex hubs like Lagos, Abuja, Kano, and Port Harcourt, selling rates were generally quoted between ₦1,365 and ₦1,380, with the upper end appearing in spots where demand pushed slightly higher or where dealers factored in small premiums for larger transactions. On the buying side, operators were typically offering between ₦1,350 and ₦1,365, creating a narrow spread that reflected the ongoing calm in the market.

The average parallel market rate settled comfortably around ₦1,370, showing almost no significant shift from the levels seen over the weekend and late last week. This consistency came against the backdrop of the official Nigerian Foreign Exchange Market (NFEM), where the Naira opened the day near ₦1,359.58 per dollar and hovered in the low ₦1,360 range through the early hours, with only minor fluctuations reported.

The extremely tight gap—often just 1% or less—between official and parallel rates continued to stand out, a clear sign of improved liquidity and the effects of recent Central Bank of Nigeria policies, including adjustments to the monetary policy rate that have helped anchor expectations.

Traders on the ground described activity as steady but not frantic, typical for a Monday when businesses and individuals often seek dollars for imports, school fees, medical expenses, or travel plans. No major pressures emerged to drive sharp movements, and supply appeared sufficient to meet the usual early-week demand without causing upward spikes. Some dealers noted that the recent relative strength in global oil prices, combined with ongoing CBN interventions, continued to provide underlying support for the Naira, keeping volatility low even amid broader international uncertainties.

For everyday users—small business owners importing goods, families sending funds abroad, or travelers preparing trips—the predictable pricing offered a welcome break from the wild swings of previous periods. However, as always with the unregulated parallel market, rates can vary hour by hour depending on the specific location, the volume being traded, and the relationship with the dealer.

What might hold steady in one part of Lagos could edge up or down slightly in another area or in Abuja by afternoon. It’s always wise to confirm the latest quote directly with a trusted handler before committing to any exchange, as these figures are unofficial and subject to real-time changes based on local conditions.

Overall, the market’s behavior today pointed to continued stabilization efforts paying off, giving many Nigerians breathing room in their forex dealings while the authorities monitor inflows, reserves, and external factors that could influence the coming days. Keep an eye on developments, as even small shifts in policy or global events can nudge things in either direction quickly.