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

The Nigerian naira traded largely stable in the black market on Saturday, with dealers quoting the US dollar between ₦1,388 and ₦1,405, according to popular forex trackers.

Currency exchangers in major cities reported buying dollars at around ₦1,388 to ₦1,393 and selling at ₦1,398 to ₦1,405, reflecting minimal shifts from Friday’s levels. This comes as the official market showed the naira closing stronger at approximately ₦1,374.94 per dollar ahead of the May Day holiday.

Market participants attributed the calm trading to reduced activity during the weekend and ongoing liquidity improvements in the forex system. Demand for dollars remained moderate, with importers and travelers making cautious purchases amid expectations of further policy clarity from the Central Bank of Nigeria.

Analysts noted that the gap between the parallel and official rates has narrowed in recent sessions, signaling some success in the apex bank’s efforts to unify the exchange windows. However, challenges such as seasonal forex supply variations and external pressures continue to influence sentiment.

Traders advised caution, warning that rates could fluctuate quickly depending on fresh inflows or weekend developments in global oil prices, which heavily impact Nigeria’s foreign reserves. For those planning transactions, checking real-time quotes from trusted sources is recommended, as black market figures often vary slightly by location and volume.

The naira’s performance this week underscores a period of relative resilience, though broader economic factors like inflation and import costs remain key concerns for businesses and households relying on foreign currency.