Aboki Naira to Dollar Black Market Exchange Rate Today, 18th August 2025

The black market exchange rate for the Nigerian Naira against the US Dollar, commonly referred to as the “Aboki” rate, has experienced notable activity today, reflecting ongoing dynamics in Nigeria’s foreign exchange market.

As of this morning, sources indicate that the Naira is trading at approximately ₦1,550 to $1 on the parallel market, a slight appreciation from rates reported earlier this month.

This development follows a period of volatility in the black market, where the Naira had previously weakened to as low as ₦1,900 per dollar earlier in 2025. Recent economic reforms and stabilizing foreign exchange reserves have contributed to the Naira’s gradual recovery, with rates hovering around ₦1,525–₦1,550 in recent weeks.

Analysts attribute this trend to increased foreign portfolio inflows and monetary policy adjustments aimed at bolstering the currency. Despite the slight strengthening, the gap between the official and black market rates remains significant, prompting concerns about accessibility to foreign currency for small businesses and individuals reliant on the parallel market.

The Central Bank of Nigeria continues to advocate for the use of official channels, but the Aboki market remains a critical avenue for many due to its flexibility and immediacy.

Market participants advise caution, noting that fluctuations are expected as global economic conditions and domestic policies evolve. For the latest updates on exchange rates, Nigerians are encouraged to monitor trusted platforms and financial institutions.

Disclaimer: Black market rates are unofficial and subject to rapid changes. Always verify rates through reliable sources before engaging in transactions.