Aboki Naira to Dollar Black Market Rate Today, 26th April 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) in Nigeria’s parallel market, commonly referred to as the “Aboki” market, remains a critical focus for traders, businesses, and individuals navigating the country’s foreign exchange dynamics.

As of today, Saturday, April 26, 2025, the black market rate for the US Dollar stands at an average of ₦1,597.94 for buying and ₦1,610.00 for selling, according to data aggregated from local currency dealers in key markets like Lagos and Abuja.

The slight variation in rates reflects the unregulated nature of the parallel market, where prices can fluctuate based on location, demand, and dollar availability. For instance, currency dealers in Abuja’s Wuse Zone 4 market reported buying dollars at approximately ₦1,595.00 and selling at ₦1,610.00, while rates in Lagos showed minor differences.

The black market continues to trade significantly above the official Central Bank of Nigeria (CBN) rate, which is reported at approximately ₦1,604.08 today, reflecting a -0.083% change from yesterday. The persistent gap between the official and parallel market rates underscores ongoing challenges in Nigeria’s foreign exchange market, including dollar scarcity and pressure on foreign reserves.

Despite CBN interventions, such as the reported $280 million injection earlier this month, the black market remains a go-to for many Nigerians due to its accessibility and flexibility.

Market analysts attribute the Naira’s recent stability to a combination of CBN policies and improved oil prices, which have bolstered Nigeria’s foreign exchange earnings. However, concerns linger about the sustainability of this trend, with some predicting the Naira could face further pressure if global economic uncertainties, such as US policy shifts, persist.

Experts advise caution for those engaging in transactions, emphasizing that black market rates can vary across markets and are not always uniform. “Always verify rates with trusted local dealers, as the unregulated nature of the market can lead to discrepancies,” warned a Lagos-based currency trader.

As Nigerians continue to monitor the Dollar to Naira exchange rate, platforms like Aboki Forex, Nairatoday, and Investors King remain valuable resources for real-time updates. The public is encouraged to stay informed and compare rates to make sound financial decisions in this volatile economic landscape.

Note: Exchange rates are subject to rapid changes. For the latest updates, consult reliable sources or local Bureau De Change operators.