Aboki Naira to Dollar Black Market Exchange Rate Today, 4th June 2026

As of Thursday, June 4, 2026, the naira traded at approximately ₦1,388 per US dollar in the black market, according to widely followed Aboki forex trackers. Dealers quoted buying rates around ₦1,388 and selling closer to ₦1,398, reflecting a modest stabilization after recent fluctuations in the parallel segment.

This level comes amid ongoing efforts by the Central Bank of Nigeria to bolster foreign exchange liquidity through increased interventions and higher reserve inflows. Official market rates hovered near ₦1,360 to ₦1,370 per dollar, maintaining a premium in the unregulated market driven by persistent demand from importers, travelers, and small businesses seeking hard currency outside formal channels.

Market participants in major hubs like Lagos, Abuja, and Kano reported steady activity but noted reduced volatility compared to earlier in the week. Some analysts attribute the relative calm to improved dollar supply from diaspora remittances and oil sector earnings, though challenges such as inflationary pressures and import costs continue to influence trader sentiment.

Currency watchers advise caution for those planning large transactions, as black market rates can shift quickly based on local supply dynamics and policy announcements. The gap between official and parallel rates underscores the enduring appeal of informal exchanges for immediate needs, even as authorities push for greater convergence in the forex market.

For context, 100 US dollars would fetch roughly ₦138,800 at current parallel quotes, a figure many households and enterprises monitor closely amid broader economic adjustments.