Aboki Naira to Dollar Black Market Exchange Rate Today, 3rd July 2026

The Nigerian naira showed signs of resilience in the black market on Friday, trading at around ₦1,397 to the US dollar according to widely tracked Aboki Forex updates.

Currency dealers in major cities like Lagos, Abuja, and Kano quoted buying rates near ₦1,385 to ₦1,397 per dollar, while selling prices hovered between ₦1,400 and ₦1,405.

This modest strengthening comes amid ongoing efforts by monetary authorities to harmonize forex flows and boost liquidity in the economy.

Market participants noted reduced volatility compared to previous weeks, with some traders attributing the positive movement to increased dollar supply from remittances and export earnings. The parallel market premium over official rates has narrowed, reflecting a degree of convergence between the two segments.

For context, the Central Bank of Nigeria’s official rate also edged higher, contributing to a more balanced forex environment. However, demand pressures from importers and individuals seeking dollars for travel or business purposes continue to influence street-level pricing.

Analysts advise caution, as rates can shift quickly based on news of policy changes or global oil price movements, which remain critical for Nigeria’s foreign reserves.

Businesses and travelers are encouraged to monitor platforms like Aboki Forex for real-time updates before making large transactions. While the naira has clawed back some value, experts emphasize the need for sustained structural reforms to achieve long-term stability in the currency market.

As the weekend approaches, activity in the parallel market is expected to slow, potentially setting the tone for next week’s trading.