Aboki Naira to Dollar Black Market Exchange Rate Today, 10th July 2025

The black market exchange rate for the US Dollar to Nigerian Naira, commonly referred to as the “Aboki” rate, stands at approximately ₦1,565 for buying and ₦1,575 for selling, as reported by Bureau De Change operators in major cities like Lagos, Abuja, Kano, and Port Harcourt.

This marks a slight increase from yesterday’s rates of ₦1,560 for buying and ₦1,570 for selling on July 9, 2025, highlighting ongoing volatility in Nigeria’s parallel market. The Aboki rate continues to diverge significantly from the Central Bank of Nigeria’s official rate, which was around ₦1,547.70 as of July 4, 2025.

The gap is driven by Nigeria’s limited foreign exchange reserves, high demand for dollars for imports, international education, and travel, as well as restricted access to forex through formal channels. This rate directly impacts the cost of imported goods and dollar-denominated expenses, with $100 yielding approximately ₦157,500 and $1,000 fetching around ₦1,575,000 today.

Analysts warn that without policy interventions to boost forex inflows, the Naira could face further depreciation, potentially nearing ₦2,000/$1 if trends persist.

The Central Bank discourages parallel market transactions, urging citizens to use authorized channels. Nigerians are advised to compare rates across trusted sources and exercise caution due to the market’s volatility. As Nigeria grapples with economic challenges, the Aboki rate remains a critical indicator of the Naira’s performance, reflecting broader pressures on the economy.

Disclaimer: Black market exchange rates are unofficial and subject to rapid fluctuations. Always verify rates with trusted sources and consider official channels to mitigate risks.