Aboki Naira to Dollar Black Market Rate Today, 4th April 2025

On Friday, April 4, 2025, the Nigerian Naira exhibited slight fluctuations against the US Dollar in the parallel market, commonly known as the “Aboki” black market.

Currency traders in Lagos’ bustling Zone 4 market reported an average buying rate of ₦1,540 and a selling rate of ₦1,558 per dollar, reflecting a marginal increase from Thursday’s rates of ₦1,535 to ₦1,550. This shift underscores the ongoing volatility in Nigeria’s informal foreign exchange market, a key indicator of the Naira’s street value amid economic uncertainties.

The black market rates, tracked by platforms like Aboki Forex, showed the Naira trading at approximately ₦1,544.964 to the dollar earlier this morning, a slight uptick from yesterday’s ₦1,540.748.

Traders attribute the minor movements to speculative activity and a steady demand for dollars, despite efforts by the Central Bank of Nigeria (CBN) to stabilize the currency through policy interventions. Economic analysts note that seasonal factors and Nigeria’s foreign exchange reserve levels continue to influence these rates, with no major policy announcements expected today.

For Nigerians and businesses relying on the parallel market for foreign currency, the day’s rates highlight the persistent gap between official and black market values. As of this morning, other currencies in the Aboki market included the British Pound at ₦1,914.948 and the Euro at ₦1,701.691, per social media updates from Array_HQ.

With inflation and global economic pressures looming, all eyes remain on potential CBN moves that could impact the Naira’s trajectory in the coming days. For now, the Aboki market remains a critical pulse point for Nigeria’s forex dynamics on April 4, 2025.