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

In major cities including Lagos, Abuja, and Kano, currency traders quoted the US dollar at approximately ₦1,395 for selling and ₦1,380 for buying in the black market today. This reflects a modest uptick from previous sessions, with dealers noting increased demand for foreign currency amid ongoing economic pressures.

The parallel market rate sits slightly above the Central Bank of Nigeria’s official window, which closed around ₦1,366.56 per dollar. The gap between the two markets remains narrow compared to past volatility, signaling some stability in forex liquidity even as traders adjust quotes based on real-time supply and customer traffic.

Market participants attribute the slight strengthening of the dollar to persistent import needs and limited dollar inflows in certain segments, despite broader efforts to harmonize rates. Business owners exchanging larger sums reported spreads of about ₦15 between buy and sell prices, making transactions relatively predictable for the day.

Economists continue to monitor the situation closely, as sustained alignment between official and parallel rates could ease inflationary pressures on imported goods. For now, individuals planning dollar purchases are advised to compare rates across trusted dealers, as quotes can shift quickly depending on location and volume.

This development comes as Nigeria’s foreign exchange market navigates a period of relative calm following earlier fluctuations in 2025. Stakeholders remain hopeful that improved oil revenues and policy measures will further support the naira in the coming weeks.