Aboki Naira to Dollar Black Market Exchange Rate Today, 7th August 2026

The Nigerian naira maintained a steady position against the United States dollar in the parallel market, popularly known as the Aboki or black market, on Friday, 7th August 2026, with currency dealers quoting rates around ₦1,405 per dollar.

This informal rate stood approximately ₦37 above the official Nigerian Foreign Exchange Market figure of about ₦1,368.22, according to data from the Central Bank of Nigeria and market aggregators.

Traders in major centers including Lagos, Abuja and other commercial hubs reported active dealings driven by demand from importers, travelers and individuals seeking foreign currency for personal or business needs outside formal banking channels.

The relatively narrow spread between the official window and the street market continues to reflect improved convergence compared with the much wider gaps seen in earlier periods, amid ongoing efforts to enhance liquidity and transparency in the foreign exchange system.

Dollar supply from exporters and other autonomous sources has supported stability in the formal market, while retail pressure in the parallel segment has kept the Aboki rate elevated. Market participants are monitoring external reserves, oil receipts and portfolio inflows as factors that could influence further movements in the naira in coming sessions.

Rates in the informal market can vary slightly by location and transaction size, and the Central Bank continues to direct those requiring foreign exchange to authorized channels.