Aboki Naira to Dollar Black Market Exchange Rate Today, 9th May 2026

On Saturday, May 9, 2026, the Nigerian naira traded largely stable in the black market against the US dollar, with dealers quoting around ₦1,395 for selling and ₦1,380 to ₦1,385 for buying one American currency unit.

Currency exchangers in major cities, including Lagos, Abuja, and Kano, reported consistent demand from importers and individuals seeking hard currency for travel and small transactions. The spread between buy and sell rates remained narrow at roughly ₦10 to ₦15, reflecting moderate activity typical of a weekend session when formal banking windows are closed.

This stability comes after minor fluctuations earlier in the week, where the parallel market rate hovered between ₦1,393 and ₦1,398. Many market participants attributed the resilience to improved dollar supply from diaspora remittances and some retail inflows, even as broader economic pressures from inflation and import costs continue to weigh on the local currency.

In contrast, the official market maintained by the Central Bank of Nigeria showed the naira exchanging at approximately ₦1,360 to ₦1,366 per dollar in recent interbank dealings, highlighting the persistent gap between regulated and unregulated segments.

Analysts monitoring the forex space note that sustained inflows from oil exports and foreign investments could help narrow this disparity in the coming weeks. However, traders on the streets remain cautious, adjusting positions based on real-time cash availability and news of policy moves from monetary authorities.

For those planning exchanges today, rates may vary slightly by location and volume, with higher denominations often attracting marginally better deals. Market watchers advise verifying live quotes with trusted dealers before transacting, as conditions can shift quickly even on slower trading days.