Aboki Naira To Dollar Black Market Rate Today 13th February 2025

On Thursday, February 13, 2025, the Nigerian Naira (NGN) sees a slight fluctuation in the black market exchange rate against the US Dollar (USD).

According to data gathered from various sources, the buying rate for the US Dollar in the parallel market today stands at approximately ₦1,565, with the selling rate slightly higher at ₦1,575.

This information reflects the latest updates from the past 24 hours, showing a market that remains under pressure but with signs of stabilization compared to previous weeks. The black market, also known as the parallel market, has been a critical indicator of the Naira’s true value, often differing significantly from the official rates set by the Central Bank of Nigeria (CBN).

The discrepancy between official and black market rates continues to be influenced by factors such as inflation, national debt, and economic policies.

Economic analysts point out that while the Naira’s value on the black market still faces volatility, several measures, including currency reforms and foreign exchange liquidity injections, have been aimed at reducing the gap between the official and black market rates. These steps are part of broader economic strategies to curb inflation and enhance investor confidence in Nigeria’s economy.

Understanding these rates is crucial for financial planning for individuals and businesses, particularly for those involved in import/export or foreign currency transactions. Engaging with reputable dealers and keeping abreast of the daily rates are advised to avoid potential scams in the black market environment.

As always, the black market rates can vary slightly across different cities and dealers, but the figures provide a broad overview of today’s market conditions. The situation remains fluid, and stakeholders are recommended to monitor updates closely.