Aboki Naira to Dollar Black Market Rate Today, 20th April 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) today, as reported by Aboki Forex and other local sources, stands at approximately ₦1,585.76 for selling and ₦1,570 for buying in Lagos’ parallel market. These rates reflect a slight appreciation of the Naira compared to earlier this month, when rates were reported as high as ₦1,725 for selling on April 6, 2025.

Currency dealers in Abuja’s Wuse Zone 4 market and Lagos noted that rates fluctuate frequently, with variations across different markets. For instance, recent posts from Abuja-based traders indicated buying rates around ₦1,600 and selling rates at ₦1,620 earlier this week. The Naira’s performance comes amid ongoing efforts by the Central Bank of Nigeria (CBN) to stabilize the currency, though the black market continues to reflect higher rates than the official CBN rate, which was approximately ₦1,604.93 per USD as of April 19, 2025.

The black market rates remain volatile due to Nigeria’s reliance on oil exports and foreign exchange scarcity. Analysts urge caution when exchanging large sums, advising traders to verify rates with reputable dealers. For the latest updates, platforms like Aboki Forex and NgnRates.com provide real-time data, though rates may vary slightly by location.

Note: Black market rates are unregulated and may differ across regions. Always consult trusted sources before transactions.