Aboki Naira to Dollar Black Market Rate Today, 12th April 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a focal point for traders, businesses, and individuals navigating Nigeria’s volatile foreign exchange landscape.

According to reports from parallel market dealers in major hubs like Lagos and Abuja, the Aboki black market rate today, April 12, 2025, stands at approximately ₦1,610 to ₦1,620 for buying and ₦1,625 to ₦1,635 for selling per US dollar. These figures reflect slight fluctuations compared to earlier this week, driven by ongoing demand for dollars amid limited supply in the informal market.

The black market, often referred to as the “Aboki” market, continues to serve as a critical channel for Nigerians seeking foreign currency due to restricted access to official forex windows. Despite efforts by the Central Bank of Nigeria (CBN) to stabilize the naira through interventions and policy reforms, the disparity between official and parallel market rates persists. The official CBN rate, while not explicitly quoted today, is typically lower, hovering around ₦1,500 to ₦1,550, based on recent trends.

Market analysts attribute today’s rates to several factors, including speculative trading, inflation pressures, and Nigeria’s reliance on oil exports for dollar inflows. A trader in Lagos’s Zone 4 market noted, “Dollar demand is steady because people need it for imports and travel, but supply is tight. Rates can change by the hour.”

The CBN has urged citizens to use official channels to curb the influence of the black market, warning that unregulated trading fuels volatility. However, many Nigerians rely on Aboki traders for faster transactions and accessibility. As the naira navigates global and domestic economic challenges, market participants are advised to monitor rates closely and exercise caution in transactions.

Platforms like Investors King and Aboki Forex provide insights for real-time updates, though rates may differ slightly across regions. The Dollar-to-Naira exchange remains a dynamic indicator of Nigeria’s economic pulse, with today’s rates reflecting cautious stability in the parallel market.