Aboki Naira to Dollar Black Market Rate Today, 5th April 2025
On Saturday, April 5, 2025, the Nigerian Naira experienced a slight dip against the US Dollar in the parallel market, widely referred to as the “Aboki” black market.
Currency traders in Lagos’ Zone 4 market reported an average buying rate of ₦1,545 and a selling rate of ₦1,558 per dollar, compared to yesterday’s rates of ₦1,540 and ₦1,558, respectively. This minor shift reflects ongoing volatility in Nigeria’s informal forex market, driven by persistent dollar demand and speculative trading.
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Social media posts and updates from platforms like Aboki Forex indicate that the Naira is trading at approximately ₦1,558.996 to the dollar this morning, a slight increase from Friday’s ₦1,544.964.
Traders attribute the movement to a combination of limited dollar supply and heightened economic uncertainty, with some pointing to global market reactions following recent international trade developments. The Central Bank of Nigeria (CBN) has yet to announce new measures to address the widening gap between official and black market rates, leaving the parallel market as a critical barometer for forex access.
According to social media updates from Array_HQ, other currencies in the black market today included the British Pound at ₦1,908.72 and the Euro at ₦1,703.449. Economic observers note that Nigeria’s forex dynamics remain under pressure from fluctuating oil prices and foreign reserve challenges.
The Aboki market continues to serve as a vital lifeline for individuals and businesses navigating the country’s complex currency landscape on April 5, 2025.
