Aboki Naira to Dollar Black Market Rate Today, 30th March 2025

The black market exchange rate for the Nigerian Naira (NGN) against the United States Dollar (USD) remains a focal point for traders, businesses, and individuals amid ongoing economic fluctuations.

As of today, Sunday, March 30, 2025, the Aboki black market rate for 1 USD stands at approximately ₦1,538, according to real-time updates from local currency dealers in Lagos and Abuja.

This figure reflects a slight variation from rates reported over the past 24 hours. Currency tracking accounts indicate that the Naira fluctuated between ₦1,534 and ₦1,540 against the dollar in the parallel market on March 29, with a minor uptick observed early this morning. Dealers attribute this stability to a balanced demand and supply of dollars in the informal market despite limited foreign exchange inflows through official channels.

The black market, often referred to as the “Aboki” market due to the prominence of Hausa-speaking traders, continues to serve as a critical alternative for Nigerians seeking dollars outside the regulated banking system. The Central Bank of Nigeria (CBN) has yet to release its official exchange rate for the day, but analysts expect it to remain significantly lower than the parallel market rate, a trend driven by persistent forex scarcity and inflationary pressures.

Economic observers note that today’s rate of ₦1,538 per dollar aligns with broader market sentiments, as global oil prices—a key determinant of Nigeria’s forex earnings—hover steadily, offering little relief to the Naira. “The black market rate is holding firm for now, but any sudden shift in oil prices or CBN policy could shake things up,” said Chinedu Okeke, a Lagos-based forex trader.

For those engaging in international transactions or travel, the advice remains to monitor rates closely and transact with reputable dealers to avoid scams, a common risk in the unregulated parallel market. As the day progresses, further updates from Aboki traders are anticipated, with many Nigerians keeping a keen eye on how these rates impact the cost of imported goods and services.

Stay tuned for real-time developments as the Naira’s performance in the black market continues to shape Nigeria’s economic landscape on this final day of March 2025.