Aboki Naira to Dollar Black Market Exchange Rate Today, 26th August 2025

The black market exchange rate for the US Dollar (USD) to the Nigerian Naira (NGN), commonly referred to as the “Aboki” rate, continues to reflect the ongoing volatility in Nigeria’s parallel foreign exchange market.

As of today, social media posts indicate that the exchange rate stands at approximately ₦ 1,550.90 to 1 USD, consistent with rates reported in recent days by sources tracking the informal market.

However, fluctuations in the black market remain a concern for traders and citizens, as the gap between the official and parallel market rates continues to widen.

The official exchange rate, as reported by some sources, hovers significantly lower, contributing to the reliance on the black market for foreign currency transactions.

Additional data from social media posts today highlights other currency exchange rates in the parallel market, with 1 GBP at ₦2,204.400, 1 EUR at ₦1,853.700, and 1 CAD at ₦1,192.380, reflecting the broader demand for foreign currencies amid Nigeria’s economic challenges.

The high demand for dollars, in particular, is driven by importers, travellers, and individuals seeking to hedge against inflation, which has been a persistent issue.

Economic analysts note that the black market’s prominence underscores deeper structural issues in Nigeria’s foreign exchange system, including limited dollar liquidity and regulatory constraints. While the Central Bank of Nigeria continues efforts to stabilize the Naira, the parallel market remains a critical, albeit unregulated, avenue for accessing foreign currency.

Citizens are advised to exercise caution when engaging in black market transactions due to the risks of fraud and fluctuating rates.

Note: Exchange rates are subject to rapid change, and the figures cited are based on information from social media posts, which may not reflect official rates or real-time market conditions.