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

The Naira to Dollar Black Market Exchange Rate on March 7, 2026, stands at approximately ₦1,420 per US dollar (selling rate), according to real-time updates from leading trackers like Aboki Forex and related platforms.

This rate reflects the parallel market (often called the “Aboki” or black market rate), where individuals and small businesses exchange currency outside the official channels. Key details include:

• Buying rate (how much dealers pay for dollars): Around ₦1,400 per USD.
• Selling rate (how much you pay to buy dollars): ₦1,420 per USD.

This marks a slight stabilization or minor upward pressure compared to recent days, with the black market rate hovering in the ₦1,410–₦1,420 range over the past week. For context, earlier in the week (e.g., March 5–6), rates were reported around ₦1,410–₦1,420 in Lagos, Abuja, Kano, and Port Harcourt, driven by steady retail demand for travel, small imports, and personal remittances.

In comparison, the official Central Bank of Nigeria (CBN) rate (NFEM window) is lower, closing around ₦1,384–₦1,393 per USD in recent sessions, with the spread between official and parallel markets remaining narrow (roughly 2–3%). This convergence highlights ongoing FX reforms that have reduced the wide gaps seen in prior years.

Market observers note that the naira’s performance is influenced by factors like external reserves, oil prices, and global events, but the current black market level suggests controlled volatility rather than sharp depreciation. Traders advise caution, as rates can fluctuate intraday based on supply and location—always verify with trusted BDC operators before transacting.

For the most precise real-time quote, check trusted sources like Aboki Forex or local BDC desks, as black market rates are informal and vary slightly by city and dealer.