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

The Nigerian naira traded at approximately 1,387 naira per US dollar in the black market today, reflecting a period of relative calm in currency dealings across major cities including Lagos, Abuja, and Kano.

Currency dealers, popularly known as Aboki, quoted the buying rate around 1,375 to 1,387 naira and the selling rate between 1,385 and 1,395 naira, depending on location and transaction volume. This narrow spread indicates balanced supply and demand in the informal forex segment, where many businesses and individuals source dollars for imports, travel, and other needs not fully met by official channels.

Market participants attributed the stability to improved dollar inflows from remittances and some easing in global oil prices, which continue to support Nigeria’s foreign reserves. However, underlying pressures persist, including high inflation and strong demand for foreign currency amid ongoing economic reforms. Compared to the Central Bank of Nigeria’s official rate hovering near 1,370 naira per dollar, the parallel market premium remains modest, suggesting better alignment between the two windows than in previous years.

Traders in Onitsha and other commercial hubs reported brisk activity early in the day, with some noting increased dollar availability from exporters. Yet caution prevails as stakeholders monitor government policies on fuel subsidies, electricity tariffs, and broader fiscal measures that could influence future naira movements.

Analysts advise caution for those planning large transactions. Rates can shift quickly based on news flow or sudden demand spikes. For everyday needs, many recommend verifying live quotes from trusted dealers or platforms before exchanging currency. As Nigeria navigates its recovery path, the black market rate remains a key barometer of public confidence in the economy’s direction.