Aboki Naira to Dollar Black Market Rate Today, 25th April 2025
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a key benchmark for traders, businesses, and individuals navigating Nigeria’s complex foreign exchange environment.
As of Friday, April 25, 2025, the unofficial rate—commonly known as the “Aboki rate”—continues to fluctuate slightly amid ongoing economic pressures and market uncertainty.
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Based on reports from reliable sources, including currency dealers in major hubs like Lagos and Abuja’s Wuse Zone 4, today’s average black market rates are:
- Buying Rate: ₦1,595 per USD
- Selling Rate: ₦1,610 per USD
These figures align with updates shared on social media, including by platforms like @Array_HQ, which reported ₦1,599.54 at 11:00 AM WAT and ₦1,602.98 earlier in the day. Due to the informal nature of the parallel market, slight regional variations are common—something regularly noted by platforms like Aboki Forex.
Notably, the black market rate continues to exceed the official Central Bank of Nigeria (CBN) rate, which stands around ₦1,604.08 today—a minor decline of -0.083% from the previous day. This persistent gap underscores ongoing dollar scarcity and pressure on Nigeria’s foreign reserves, despite recent interventions such as a $280 million CBN liquidity injection earlier this month.
Analysts cite several contributing factors to the naira’s volatility, including Nigeria’s heavy dependence on oil exports, bureaucratic challenges deterring foreign investment, and reliance on imports. A currency trader in Abuja remarked, “The naira is struggling, and without significant policy changes, we could see it touch ₦2,000 per dollar soon.”
For up-to-date exchange rates, platforms like Aboki Forex, Investors King, and Nairatoday remain reliable sources. Due to market volatility, traders are advised to monitor rates regularly and avoid exchanging large sums in a single transaction.
Disclaimer: Black market rates are unofficial and can vary by location. Always verify rates with trusted local dealers before conducting transactions.
