Aboki Naira to Dollar Black Market Rate Today, 26th March 2025

Aboki Naira to Dollar Black Market Rate Today, 26th March 2025

0 Posted By Aboki Exchange

As of today, Wednesday, March 26, 2025, the black market exchange rate for the Nigerian Naira (NGN) against the United States Dollar (USD) has seen slight fluctuations, reflecting ongoing economic dynamics in Nigeria’s parallel forex market.

According to sources from Bureau De Change (BDC) operators, commonly referred to as “Aboki” traders, the current black market rate stands at approximately ₦1,562 to $1 (USD).

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Reports from currency dealers in key markets such as Lagos and Abuja indicate that the buying rate for the dollar hovered around ₦1,555, while the selling rate was pegged at ₦1,562. This marks a marginal increase from yesterday’s average rate of ₦1,558, signalling persistent pressure on the Naira amid high demand for foreign currency.

The black market, or parallel market, remains a critical avenue for many Nigerians seeking dollars due to limited access to official forex channels regulated by the Central Bank of Nigeria (CBN). Unlike the official rate, which is often lower and subject to CBN interventions, the Aboki rate is driven by supply and demand dynamics, making it a real-time indicator of forex sentiment in the country.

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Economic analysts attribute today’s rate to several factors, including Nigeria’s reliance on oil exports for dollar inflows, inflationary pressures, and speculative trading. “The Naira continues to face challenges due to low foreign exchange reserves and a high demand for dollars from importers and individuals,” said Chinedu Okeke, a Lagos-based financial analyst. “Until there’s a significant boost in dollar supply through official channels, the black market will remain the go-to for many.”

Traders and businesses are advised to monitor the market closely, as rates can shift throughout the day. For the latest updates on the Aboki Naira to Dollar black market rate, Nigerians are turning to trusted sources like Aboki Forex and local BDC operators, navigating an economic landscape where the Naira’s value remains a topic of intense focus.

This report is based on available data as of 9:43 AM WAT on March 26, 2025, and rates may vary across regions and time.

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