Aboki Naira to Dollar Black Market Exchange Rate Today, 6th March 2026
The Nigerian Naira remained under pressure in the parallel market on Friday, with the Aboki (black market) exchange rate for the US Dollar quoted around ₦1,420 to $1 according to dealer reports and aggregator platforms. Multiple sources tracking informal forex transactions showed dealers buying dollars at roughly ₦1,400–₦1,410 while selling at ₦1,420.
This level marks a modest weakening of the Naira compared with earlier in the week when rates frequently sat between ₦1,390 and ₦1,410. The movement reflects continued strong demand for foreign currency in the informal segment, driven by import requirements, international travel, school fees, and other dollar-denominated needs that fall outside official channels.
Trending Now!!:
Yesterday’s widely reported sell-side range was ₦1,410–₦1,420, so today’s figure represents only a small incremental shift. Despite periodic Central Bank of Nigeria interventions aimed at boosting forex liquidity, the parallel market has maintained a persistent premium over the official window.
The Nigerian Foreign Exchange Market (NFEM) rate has recently traded in the ₦1,377–₦1,385 band, leaving the black-market spread at roughly 2–3% in many locations—a narrower gap than seen in previous months but still indicative of uneven dollar availability between regulated and unregulated segments.
Traders note that rates can differ noticeably depending on the city (Lagos, Abuja, Port Harcourt, Kano), the size of the transaction, and the specific dealer. Platforms such as AbokiForex, NgnRates, and similar real-time trackers remain the main reference points for the street rate, although participants caution that informal exchanges carry inherent risks and lack regulatory oversight.
Economic observers continue to watch closely for any fresh policy signals from the CBN that could influence supply dynamics or further compress the official-parallel differential in the coming days.
For the most precise figure at any moment, checking live dealer quotes or trusted aggregators directly is recommended, as rates may move quickly throughout the trading day.
