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

As of today, Sunday, May 3, 2026, the Nigerian naira continues to trade with relative steadiness in the black market, popularly referred to as the Aboki rate, amid subdued weekend activity across major trading hubs like Lagos, Abuja, and Kano. Dealers in the parallel foreign exchange segment are quoting the US dollar at approximately ₦1,393 to ₦1,405 for selling, with buying rates hovering around ₦1,388 to ₦1,393 per dollar.

This narrow spread reflects a convergence trend observed in recent sessions, where the gap between official and informal rates has tightened significantly due to improved dollar liquidity and policy measures aimed at harmonizing the forex market. Compared to earlier in the week, the naira has shown resilience, with only marginal fluctuations driven by limited retail demand during the weekend.

Traders note that supply from various sources, including remittances and informal inflows, has helped cushion the currency against sharper depreciation. However, participants remain cautious, pointing to broader economic pressures such as fuel costs and external uncertainties that could influence sentiment in the coming week. For context, exchanging $100 today would yield roughly ₦139,300 to ₦140,500 in the parallel market, depending on the dealer and volume.

The Central Bank of Nigeria’s official rate stands lower, around ₦1,379 per dollar, underscoring the persistent but reduced premium in the unregulated segment. Market watchers advise individuals seeking to transact in foreign currency to verify rates with trusted Bureau de Change operators and exercise caution to avoid unfavorable deals.

Overall, the parallel market’s performance today signals a period of cautious optimism, though sustained stability will depend on ongoing interventions and global economic dynamics affecting Nigeria’s forex inflows. Rates are expected to be monitored closely as trading resumes on Monday.