Aboki Naira to Dollar Black Market Rate Today, 14th April 2025

On Monday, April 14, 2025, the Nigerian Naira continued to show signs of volatility against the US Dollar in the parallel market, commonly known as the Aboki or black market.

According to currency dealers in Lagos and Abuja, the dollar is currently being bought at approximately ₦1,618 and sold for around ₦1,630. This marks a slight depreciation compared to last week’s average of ₦1,610.

Traders attribute the minor decline to persistent dollar demand and limited access to official foreign exchange channels. Despite the Central Bank of Nigeria (CBN) maintaining interventions to stabilize the currency, the parallel market remains a key source for individuals and businesses needing foreign currency.

In Abuja’s Zone 4 exchange hub, rates were reported slightly higher, with buying at ₦1,620 and selling at ₦1,635, highlighting regional variations in pricing.

Analysts point to seasonal import demands, global oil market fluctuations, and speculative trading as contributing factors to the Naira’s current trajectory. While the CBN continues its efforts to narrow the gap between official and parallel rates, challenges persist in curbing reliance on the black market.

As of today, the official exchange rate stands around ₦1,611 per dollar, according to platforms like XE, reflecting an ongoing disparity with street-level rates. With no major policy shifts expected from the CBN this week, traders expect similar patterns to continue unless driven by unforeseen economic developments.

Nigerians are advised to stay informed and monitor market trends, as the Aboki rate remains a key indicator of the Naira’s real-world value.