Aboki Naira to Dollar Black Market Rate Today, 24th April 2025

As reported today, Thursday, April 24, 2025, the Nigerian Naira continues to fluctuate against the US Dollar in the parallel market, commonly referred to as the “Aboki” or black market.

According to data aggregated from reliable sources, including social media posts and currency exchange platforms, the black market exchange rate for the US Dollar to Naira is hovering around ₦1,605.952 to ₦1,606.777 for selling, with buying rates slightly lower at approximately ₦1,600 per dollar.

The marginal variation in rates reflects ongoing speculative activity and persistent demand for dollars amid Nigeria’s foreign exchange challenges. Currency dealers in key markets such as Abuja’s Wuse Zone 4 and Lagos’ parallel market noted slight rate disparities, which is typical due to the unregulated nature of the black market.

Traders attribute today’s rates to a combination of seasonal factors, limited dollar supply, and speculative trading despite recent efforts by the Central Bank of Nigeria (CBN) to stabilize the Naira through policy interventions.

According to Wise’s currency converter, the black market rate remains significantly higher than the official exchange rate, which was reported at approximately ₦1,567.990 per dollar earlier this week.

This gap underscores the ongoing pressure on Nigeria’s foreign reserves and the challenges in meeting dollar demand. Economic analysts suggest that global economic pressures, including inflation and fluctuating oil prices, continue to impact the Naira’s performance.

Recent reports indicate that the CBN has been implementing measures to narrow the disparity between official and black market rates, including foreign exchange interventions and policy reforms to attract global capital. However, the parallel market remains a critical indicator of Nigeria’s forex dynamics, with the Aboki market serving as a real-time pulse for traders and businesses.

Other Currency Rates

In addition to the Dollar, other major currencies also saw activity in the black market today:

• Pound Sterling (GBP): Buying at approximately ₦2,025.043 and selling at ₦2,039.417.
• Euro (EUR): Buying at ₦1,815.251 and selling at ₦1,823.81.
• Canadian Dollar (CAD): Buying at ₦1,078.794 and selling at ₦1,089.82.

Market participants are advised to exercise caution when engaging in black market transactions, as rates can vary across different locations and dealers. Platforms like Aboki Forex and Nairatoday recommend contacting local markets or trusted Bureau De Change (BDC) operators for real-time quotes, as rates are subject to change throughout the day.

Additionally, the unregulated nature of the black market means prices may not be consistent across all regions.

For the latest Dollar to Naira black market exchange rate updates and other financial news, reliable platforms such as Investors King, Aboki Forex, and the CBN’s official website provide real-time insights. As Nigeria navigates its economic challenges, all eyes remain on potential CBN moves that could influence the Naira’s trajectory in the coming days.