Aboki Naira to Dollar Black Market Rate Today, 11th April 2025

The black market exchange rate for the US dollar against the Nigerian naira remains a focal point for traders, businesses, and individuals navigating Nigeria’s volatile forex market.

As of today, April 11, 2025, currency dealers in major hubs like Lagos and Abuja report the dollar trading at approximately ₦1,610 to buy and ₦1,620 to sell on the parallel market, commonly known as the “Aboki” market.

This rate reflects a slight uptick from earlier in the week, with the naira facing persistent pressure despite recent Central Bank of Nigeria (CBN) efforts to stabilize the currency. High demand for dollars, driven by importers, international travelers, and those hedging against inflation, continues to outstrip supply in the unofficial market. Analysts note that global economic uncertainties and Nigeria’s reliance on oil exports further complicate the naira’s performance.

While the official CBN rate remains lower, the black market’s prominence persists due to limited access to formal forex channels. Traders advise caution, warning that rates can vary slightly across regions and even within different parallel market segments.

For real-time updates, Nigerians are encouraged to monitor trusted platforms and consult local dealers for the most accurate rates. The naira’s trajectory remains critical as the nation grapples with economic reforms and external market dynamics.