Aboki Naira To Dollar Black Market Rate Today 4th February 2025

As of February 4, 2025, the black market exchange rate for the Nigerian Naira (NGN) against the US Dollar (USD) continues to fluctuate, reflecting the volatility of Nigeria’s parallel market.

Current exchange rates are as follows:

• Buying Rate: Approximately N1605 per USD.
• Selling Rate: Around N1615 per USD.

These rates slightly change from the previous day, demonstrating the typical fluctuations driven by inflation, government policy, and market speculation.

Ongoing high inflation in Nigeria continues to pressure the Naira, increasing demand for dollars as a more stable currency. The Central Bank of Nigeria‘s recent measures to stabilize the Naira have yielded mixed results, with critics pointing to the lack of direct intervention in the black market, contributing to rate discrepancies. Speculation by traders and investors also plays a key role in the daily variations.

Given the rapid rate changes, checking multiple sources is advisable, as exchange rates can vary across different regions. Engaging with trusted black market dealers and always requesting a receipt or proof of transaction can help minimize the risk of fraud. Monitoring social media, news outlets, and forex trading platforms like AbokiFx can assist in making well-informed decisions and staying informed.

As Nigeria continues to face economic challenges, black market exchange rates will remain a key indicator of the nation’s economic health and public confidence in the stability of the Naira.

Disclaimer: Rates are based on the latest available data and can fluctuate throughout the day. For the most accurate rates, direct verification with local currency exchangers is recommended.