Aboki Naira to Dollar Black Market Exchange Rate Today, 13th August 2025

The Nigerian Naira has shown a slight improvement in the parallel market, appreciating to N1,555 per US Dollar on Wednesday, August 13, 2025, according to recent updates from black market traders.

This marks a marginal gain from rates reported earlier in the month, which hovered around N1,550.16 to N1,555.16 per dollar between July 31 and August 3, 2025.

Sources from major markets, including Lagos and Abuja, indicate that the Naira’s performance in the black market, often referred to as the “Aboki” exchange rate, reflects ongoing fluctuations driven by demand and supply dynamics.

Despite the official exchange rate remaining more stable, the parallel market continues to be a critical indicator of local sentiment and immediate foreign exchange needs among traders and individuals.

The persistent gap between the official and black market rates, with the Naira’s value in the parallel market remaining significantly weaker than its January 2024 rate of N882 per dollar.

By August 2, 2025, the Naira had depreciated to N1,533 per dollar, underscoring the ongoing pressure on Nigeria’s currency amid economic challenges.

Analysts note that factors such as foreign exchange scarcity, inflation, and global economic trends continue to influence the black market rates.

Reported consistent rates for other major currencies, with the British Pound at N2,200.22, the Euro at N1,850.19, and the Canadian Dollar at N1,180.12, reflecting relative stability in those pairs.

The Central Bank of Nigeria has yet to comment on the latest black market trends, but traders are advised to monitor daily updates for real-time insights into exchange rate movements.

For more detailed information on factors affecting the Naira’s performance, visit trusted financial news sources or platforms like TheCityCeleb for instant conversion services.