Aboki Naira to Dollar Black Market Exchange Rate Today, 5th January 2026
As Nigeria begins the first full trading week of 2026, the black market (parallel market) exchange rate for the US dollar against the Nigerian naira remains relatively stable but under pressure from post-festive demand.
Bureau De Change (BDC) operators, commonly known as “Aboki,” in major cities including Lagos, Abuja, Port Harcourt, and Kano report the following rates on Monday, 5th January 2026:
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- Selling rate: ₦1,490 per US$1
- Buying rate: ₦1,480 – ₦1,485 per US$1
These figures show little change from the weekend rates observed on 4th January, where the dollar sold at around ₦1,490, following a slight uptick from ₦1,480 earlier in the new year.
In contrast, the official rate at the Nigerian Foreign Exchange Market (NFEM), regulated by the Central Bank of Nigeria (CBN), stands at approximately ₦1,441.85 per US$1. This represents a narrowing of the parallel market premium compared to previous months, attributed to improved forex inflows and CBN policies from late 2025.
Market analysts note that renewed economic activity after the holiday season is driving demand for dollars, particularly from importers and manufacturers restocking inventories for Q1 2026. However, the naira’s relative stability entering the year is supported by higher foreign reserves and stable oil revenues.
Traders advise caution, as rates can fluctuate rapidly based on daily supply and demand. The CBN continues to discourage the use of the parallel market, directing individuals and businesses to official channels for forex transactions.
For the most accurate and real-time rates, consult local BDC operators or trusted platforms. Rates are indicative and subject to change.
