Aboki Naira to Dollar Black Market Exchange Rate Today, 25th July 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly referred to as the “Aboki” rate, continues to reflect the dynamic and volatile nature of Nigeria’s parallel foreign exchange market.

According to sources from Bureau De Change (BDC) operators in major hubs such as Lagos, Abuja, Kano, and Port Harcourt, the dollar is trading at an average buying rate of ₦1,525 and a selling rate of ₦1,535 as of today, Friday, July 25, 2025.

This represents a slight shift from yesterday’s rates, which were reported at ₦1,535 for selling and ₦1,520 for buying, indicating a marginal appreciation of the Naira in the parallel market. The narrow spread of ₦10 between buying and selling rates suggests a relatively balanced market, with moderate demand for dollars driven by the need for international transactions, including travel, tuition payments, and the importation of goods.

For context, converting $100 to Naira at today’s black market selling rate would yield approximately ₦153,500, while $1,000 would fetch around ₦1,535,000. Smaller transactions, such as $50, would convert to about ₦76,750. These rates have a significant impact on the cost of imported goods, international education, and travel expenses, making the Aboki rate a critical indicator for many Nigerians.

The Central Bank of Nigeria (CBN) continues to caution against reliance on the black market, emphasizing the risks of scams and counterfeit currency. The official CBN exchange rate, reported at approximately ₦1,524.86 as of July 17, 2025, remains slightly lower than the parallel market rates, underscoring the persistent gap between official and black market channels. Economic analysts attribute the elevated black market rates to Nigeria’s heavy reliance on imports, constrained foreign exchange reserves, and limited access to dollars through formal channels.

Social media platforms and online sources, such as Aboki Forex, Investors King, and Nairatoday, remain vital for Nigerians seeking real-time updates on black market rates. Posts on social media indicate ongoing public interest, with users sharing rates as low as ₦1,525 for USD, reflecting slight variations across cities and dealers.

As Nigeria navigates its foreign exchange challenges, the Aboki black market rate remains a key barometer of the Naira’s performance and the broader economic pressures facing the nation.

Analysts suggest that without significant policy interventions to boost forex inflows and reduce import dependency, the Naira may face further pressure in the coming months.

For the latest updates, Nigerians are encouraged to consult trusted platforms like Aboki Forex or contact local BDC operators for real-time rates.