Aboki Naira to Dollar Black Market Exchange Rate Today, 5th June 2026

In Nigeria’s parallel foreign exchange market, popularly known as the black market or Aboki rate, the US dollar traded at approximately ₦1,393 for selling and ₦1,380 for buying early on Friday, June 5, 2026.

This reflects a relatively steady position compared to the previous day’s levels, where rates hovered around ₦1,390 to ₦1,395, underscoring persistent demand pressures amid ongoing efforts to stabilise the local currency.

Currency dealers in major hubs like Lagos, Abuja, and Kano reported brisk activity as importers and individuals sought dollars for various transactions. The slight premium over the official market, where the naira trades closer to ₦1,360 per dollar according to Central Bank of Nigeria indications, continues to highlight the gap between formal and informal segments.

Market participants attribute the current equilibrium to improved foreign reserves, which have provided some buffer against volatility. However, analysts note that external factors, including global oil prices and inflows from diaspora remittances, remain key influences on future movements. Many businesses and travelers continue to rely on the parallel market for immediate needs due to accessibility, even as authorities encourage greater use of official channels.

The naira’s performance this week has shown resilience, with limited fluctuations that have eased concerns over sharp depreciations seen in prior periods. Economists suggest that sustained policy measures by the apex bank could further narrow the disparity between black market and official rates, fostering greater confidence in the economy.

As the day progresses, rates may adjust based on supply and demand dynamics, with traders advising caution for those planning large exchanges. Stakeholders are keenly watching for any policy announcements that could impact liquidity in the coming days.