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

As Nigeria enters the new year, the parallel market (black market) US dollar-to-naira exchange rate has risen slightly amid renewed post-holiday demand.

On Tuesday, 7th January 2026, Bureau de Change (BDC) operators, popularly referred to as “Aboki,” in major cities including Lagos, Abuja, Port Harcourt, and Kano are quoting a selling rate of approximately ₦1,495 per $1.This represents a minor increase from earlier in the week, when the dollar traded around ₦1,480–₦1,490 in the parallel market.

Buying rates from dealers are typically lower, ranging from ₦1,485 to ₦1,490, depending on transaction volume and location. The slight depreciation in the parallel market comes as businesses and importers ramp up activities following the festive season, increasing demand for foreign currency to restock inventories and settle international obligations.

In contrast, the official exchange rate at the Nigerian Foreign Exchange Market (NFEM), supervised by the Central Bank of Nigeria (CBN), remains stronger, trading in the range of ₦1,430–₦1,445 per $1 based on recent sessions.

The persistent premium in the black market highlights ongoing challenges with forex accessibility through formal channels, despite the CBN’s efforts to boost liquidity and narrow the gap. Market analysts attribute the naira’s relative stability entering 2026 to improved foreign exchange inflows, higher external reserves (exceeding $45 billion at the end of 2025), and sustained oil revenues.

However, traders caution that rates could fluctuate further with global economic developments and domestic demand pressures. Experts recommend using official banking channels for forex transactions to avoid risks associated with the parallel market.

Rates are indicative and can change rapidly—always verify with reputable dealers for the latest quotes.