Aboki Naira to Dollar Black Market Exchange Rate Today, 31st March 2026
As of Tuesday, March 31, 2026, the Nigerian Naira continued to trade with mild fluctuations in the parallel market, commonly referred to as the black market or Aboki FX.
Traders and Bureau De Change (BDC) operators across key cities like Lagos, Abuja, and Kano quoted the US Dollar (USD) at approximately ₦1,415 buying and ₦1,425 selling per dollar, according to popular platforms tracking informal rates.
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Other sources reported a slightly wider range, with the selling rate reaching up to ₦1,420 in some locations, reflecting localized demand variations and transaction volumes. This positions the parallel market rate roughly ₦25–₦40 above the official window, maintaining a relatively narrow spread compared to wider gaps seen in previous years.
Comparison with Official Rate
The Central Bank of Nigeria (CBN) official rate, derived from the Nigerian Foreign Exchange Market (NFEM), stood around ₦1,380–₦1,384 per dollar in recent sessions. This convergence highlights ongoing efforts by monetary authorities to stabilize the forex market through improved liquidity and policy measures.
In the black market:
- Buying Rate: ₦1,405 – ₦1,415 per USD
- Selling Rate: ₦1,420 – ₦1,425 per USD
These figures can shift quickly based on supply from remittances, oil revenues, or retail demand for travel and small imports.
Other Major Currencies in the Parallel Market
For context, parallel market rates for other key currencies on the same day included:
- British Pound (GBP): Buying around ₦1,860–₦1,890 | Selling ₦1,900
- Euro (EUR): Buying around ₦1,590–₦1,600 | Selling ₦1,620–₦1,630
Traders noted steady but cautious activity, with no major volatility reported in morning sessions.
Market Context and Outlook
The Naira has shown resilience in recent weeks, supported by higher crude oil prices and measures to channel more foreign inflows through official channels. However, persistent demand for dollars in the informal segment—driven by importers, diaspora-related transactions, and precautionary holdings—continues to influence parallel rates.
Market watchers advise individuals and businesses to verify live quotes directly with trusted BDC operators, as rates can vary by location and amount exchanged. For large transactions, using authorized channels often provides better transparency and compliance.
Note: Exchange rates in the black market are unofficial and unregulated. They are provided for informational purposes only and should not replace professional financial advice. Always cross-check with multiple sources before any currency exchange.
This update is based on real-time data from leading forex tracking sites and market reports as of March 31, 2026. Rates remain dynamic and subject to intraday changes.
