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

The Nigerian naira held steady in the black market on Monday, with dealers quoting the US dollar at approximately ₦1,390 for buying and ₦1,400 for selling, mirroring levels observed over the weekend.

Currency traders, commonly known as Aboki in local parlance, reported consistent demand for the greenback amid ongoing economic pressures, though supply from remittances and other inflows appeared to prevent sharper depreciation. This parallel market rate continues to trade at a modest premium over the Central Bank of Nigeria’s official window, which closed around ₦1,362 per dollar on Friday.

Market participants noted limited volatility early in the trading day, with transactions in major cities like Lagos, Abuja, and Kano reflecting similar figures. Some analysts attribute the relative calm to recent policy measures aimed at boosting foreign exchange liquidity, including adjustments in export thresholds and efforts to attract more diaspora inflows. However, challenges such as persistent inflation and import dependencies keep the currency under underlying strain.

Business owners and importers expressed cautious optimism, hoping for sustained stability as the week progresses. “The rate hasn’t jumped much, which is good for planning, but everyone is watching global oil prices and CBN interventions closely,” said a trader in Ikeja who deals in electronics.

As Nigeria navigates its forex reforms, the black market remains a key barometer for everyday transactions outside formal banking channels. Experts advise individuals seeking to exchange currency to compare rates across reliable sources and exercise caution against fraudulent dealings. Further updates are expected as trading continues throughout the day.