Naira to Dollar Black Market Exchange Rate Today – March 25, 2025

The Nigerian Naira (NGN) has experienced slight fluctuations against the US Dollar (USD) in the black market, commonly known as the “Aboki” rate.

As of this morning, currency traders in Lagos and Abuja report that the dollar is being bought at approximately ₦1,560 and sold at ₦1,570, according to Bureau De Change (BDC) sources. This places the average exchange rate at around ₦1,565 per dollar, reflecting a marginal shift from yesterday’s range of ₦1,550–₦1,560.

Traders attribute this subtle movement to a temporary stabilization in dollar supply and demand within the informal market despite ongoing economic pressures such as inflation and limited forex liquidity. Regional differences persist, with some Abuja dealers quoting slightly higher rates due to transportation costs and increased local demand.

The Central Bank of Nigeria (CBN) continues to distance itself from the black market, stressing that it does not recognize these rates and urging citizens to use official banking channels for foreign exchange transactions. However, due to persistent forex shortages, many Nigerians—especially small businesses and individuals—rely on the parallel market for their dollar needs.

Economic analysts view the Naira’s black market performance as an informal indicator of confidence in Nigeria’s monetary policies. “The narrow spread between buying and selling rates today suggests cautious trading activity,” noted Lagos-based currency analyst Adeola Martins. “However, with fluctuating global oil prices and pressure on foreign reserves, the Naira’s stability could face challenges in the near future.”

This minor uptick in the Aboki rate comes amid the CBN’s broader efforts to unify exchange rates and boost dollar inflows through official channels. Yet, the parallel market remains active, driven by high importers, travelers, and businesses. Nigerians navigating this complex financial landscape continue to rely on the Aboki rate as a key economic benchmark.

Platforms like Aboki Forex and other financial news sources remain valuable references for traders and the public for real-time updates on the dollar-to-naira black market rate.