Aboki Naira to Dollar Black Market Exchange Rate Today, 31st January 2026

The Naira to Dollar Black Market Exchange Rate on January 31, 2026, shows the parallel market (often called Aboki FX or black market) trading relatively stable but with a premium over the official rate, amid ongoing forex dynamics in Nigeria.

As of today, January 31, 2026:

• Black Market (Parallel Market) Rates — sourced from platforms like Aboki Forex, Nairatoday, NgnRates, and trader reports in Lagos, Abuja, Kano, and other major cities:
  • Selling Rate (how much Naira you get when selling $1): Approximately ₦1,465 to ₦1,480 per US Dollar.
  • Buying Rate (how much Naira you pay to buy $1): Around ₦1,450 to ₦1,465 per US Dollar.
  • Common average quotes hover near ₦1,470–₦1,480 for selling, reflecting minor daily fluctuations with no major volatility reported for the day. Some sources (e.g., Aboki Forex updates) list it as low as ₦1,450 buy / ₦1,465 sell, while others like user-reported BDC rates push toward ₦1,480 sell.
• Official CBN / NFEM Rate — The Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) rate stands stronger at around ₦1,386–₦1,392 per US Dollar (based on recent closes, e.g., ₦1,386.55 on January 30). This reflects continued Naira appreciation in the regulated market over the past week, narrowing the gap with the parallel market compared to earlier in January when premiums were wider.

The black market premium persists due to factors like demand for cash dollars outside official channels, import needs, and occasional policy adjustments. Recent trends show the Naira strengthening overall in early 2026, driven by improved forex liquidity and CBN interventions, though parallel rates remain elevated for informal transactions.

Note: Black market rates can vary slightly by location, dealer, and transaction size (e.g., higher volumes may get better quotes). Always deal with reputable Bureau De Change operators and verify live rates on trusted platforms. Rates are indicative and subject to change in real time. For official purposes, use CBN-regulated channels.