Aboki Naira to Dollar Black Market Rate Today, 6th April 2025

On Sunday, April 6, 2025, the Nigerian Naira experienced a noticeable decline against the US Dollar in the parallel market, commonly known as the “Aboki” black market.

Currency traders in Lagos’ bustling Zone 4 market reported an average buying rate of ₦1,550 and a selling rate of ₦1,565 per dollar, down from Saturday’s rates of ₦1,545 and ₦1,558, respectively. This shift reflects ongoing volatility in Nigeria’s informal foreign exchange market, driven by persistent demand for dollars and limited supply in the face of economic pressures.

The depreciation comes amid global economic uncertainties, including fluctuating oil prices and recent US tariff policies, which have indirectly impacted Nigeria’s forex reserves. Local traders noted a surge in speculative buying, with many individuals and businesses stockpiling dollars as a hedge against further Naira weakening. “The market is tense right now; everyone wants dollars, but they’re hard to come by,” said a trader who preferred anonymity.

The Central Bank of Nigeria (CBN) has yet to comment on today’s rates, but its recent interventions to stabilize the official market have had little effect on the parallel market, where the Naira consistently trades at a premium.

Analysts suggest that without significant boosts to dollar inflows—possibly through increased oil revenue or foreign investment—the gap between official and black market rates will persist.

For now, the Aboki market remains a critical barometer of Nigeria’s economic sentiment, with the Naira’s trajectory on April 6, 2025, underscoring the challenges facing the country’s currency landscape. Businesses and travelers are advised to monitor rates closely as the situation develops.