Aboki Naira to Dollar Black Market Exchange Rate Today, 8th January 2026

As of Thursday, 8th January 2026, the Nigerian naira has depreciated slightly in the parallel market (commonly known as the black market or Aboki rate), amid ongoing post-holiday demand for foreign currency.

Bureau de Change (BDC) operators in major cities, including Lagos, Abuja, Port Harcourt, and Kano, are quoting the US dollar at approximately ₦1,490 per $1 for selling, with buying rates ranging from ₦1,480 to ₦1,485.

This marks a minor increase from earlier in the week, when the dollar traded around ₦1,485–₦1,495 on January 7. The slight weakening reflects renewed pressure from importers and businesses restocking after the festive season, despite broader stability supported by improved foreign exchange inflows and Central Bank of Nigeria (CBN) policies carried over from 2025.

In contrast, the official exchange rate at the Nigerian Foreign Exchange Market (NFEM) is stronger at around ₦1,423 per $1, highlighting the CBN’s continued efforts to narrow the gap between the official and parallel markets. Nigeria’s external reserves, reported above $45 billion at the end of 2025, along with stable oil revenues, are providing a buffer against volatility.

Market analysts note that the naira’s performance in early 2026 builds on gains from the previous year, with forecasts suggesting relative calm if global oil prices remain supportive and FX liquidity continues to improve.

Traders advise caution, as rates can fluctuate rapidly. For official transactions, the CBN recommends using authorized banks and channels. Rates are indicative and may vary by location and volume. Stay tuned for real-time updates from trusted Aboki sources.