Aboki Naira to Dollar Black Market Rate Today, 27th March 2025

The black market exchange rate for the Nigerian Naira (NGN) against the United States Dollar (USD) experienced a slight shift today, reflecting ongoing fluctuations in Nigeria’s parallel forex market.

As of Thursday, March 27, 2025, currency dealers in Lagos and Abuja reported that the Aboki black market rate stands at approximately ₦1,537.71 per USD, based on social media posts and confirmation from local market sources.

This rate represents a marginal change from recent days, influenced by the persistent demand for dollars amid a limited supply in the unofficial market. The black market—often referred to as the parallel market or “Aboki FX” by traders—remains a crucial source of foreign currency for Nigerians due to restrictions and delays in accessing dollars through official channels like the Central Bank of Nigeria (CBN). While the CBN does not recognise the parallel market and advocates for transactions through regulated banks, the black market continues to serve as a real-time indicator of forex sentiment.

Today’s rate of ₦1,537.71 per dollar reflects the average selling price quoted by Bureau De Change (BDC) operators in key trading hubs such as Lagos’ Zone 4 market and Abuja’s Wuse Zone. Buying rates, however, are slightly lower, with dealers acquiring dollars at around ₦1,520 to ₦1,530 per USD, depending on location and transaction volume. Due to the unregulated nature of the market, rates can vary between regions and dealers.

Economic analysts attribute the current relative stability in the black market rate to factors such as recent CBN interventions aimed at boosting dollar liquidity in the official market and a seasonal dip in forex demand following the year’s first quarter. However, challenges like inflation, foreign reserve pressures, and global economic uncertainties continue to weigh the Naira’s value.

For Nigerians involved in international trade, travel, or remittances, the black market remains an essential resource despite its higher rates than the official CBN exchange rate, which is typically lower but less accessible.

As of today, the official rate for March 27, 2025, has yet to be updated, though it is expected to remain below the parallel market rate, following historical trends.