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

The parallel market for the Nigerian naira against the US dollar, widely referred to as the Aboki or black market rate, showed relative steadiness on Friday, 31 July 2026, as traders in major centers including Lagos and Abuja quoted the greenback at approximately ₦1,405 for buying and ₦1,415 for selling.

These figures reflect the rates at which bureau de change operators and informal dealers exchanged currency outside official channels, where demand from importers, travelers and businesses continues to shape pricing based purely on supply conditions.

Market participants reported adequate but not excessive dollar availability, helping keep fluctuations limited compared with more volatile periods earlier in the year.

The premium over the official window remained modest, with the Central Bank of Nigeria’s Nigerian Foreign Exchange Market rate hovering near ₦1,360 to ₦1,361 per dollar, underscoring a degree of convergence that analysts link to tighter monetary measures, improved reserve buffers and steadier inflows.

Dealers noted that activity stayed routine, with spreads of around ₦10 reflecting typical margins for smaller transactions that move more quickly than bank channels. While the apex bank maintains that forex dealings should occur through authorized banks and does not endorse parallel rates, many individuals and firms still turn to the street market for convenience and immediacy.

Rates can differ slightly by location and volume, and participants are advised to confirm current quotes before transacting, as liquidity and sentiment can shift within the day. Overall, the naira’s performance in the informal segment points to ongoing stabilization efforts bearing fruit amid broader economic adjustments.