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

The parallel market exchange rate for the US dollar against the naira showed slight upward pressure early today, March 5, 2026, according to updates from popular Aboki forex tracking platforms and street traders.

As of this morning, one US dollar is trading at approximately ₦1,395 for selling in the black market, while buyers are acquiring dollars around ₦1,380 to ₦1,390. This reflects a modest firming of the dollar compared to recent sessions, where rates hovered in the low to mid-1,380s.

The gap between the informal (parallel) market and the official Central Bank of Nigeria (CBN) window remains narrow, with the official rate sitting in the ₦1,380–₦1,390 range in recent trading. This convergence continues to signal improved stability in Nigeria’s foreign exchange landscape, driven by ongoing policy measures and consistent liquidity support from monetary authorities.

Traders in key hubs like Lagos, Abuja, Port Harcourt, and Kano report steady demand for dollars, primarily from small-scale importers, travelers, and individuals meeting personal foreign obligations. Supply appears balanced for now, preventing sharper swings, though participants are watching global oil price movements and geopolitical developments that could influence sentiment.

For context, the naira has maintained relative calm in early March after stronger performances in late February, with analysts noting that sustained reforms and external inflows are helping anchor the currency.

Rates can fluctuate rapidly throughout the day based on local supply-demand dynamics, so individuals planning exchanges are advised to confirm real-time quotes from trusted dealers.

This update draws from prevailing market observations as of 10:51 AM WAT on March 5, 2026.