Aboki Naira to Dollar Black Market Exchange Rate Today, 31st August 2025

The black market exchange rate for the Nigerian Naira (NGN) against the US Dollar (USD), commonly referred to as the “Aboki” rate, remains a focal point for Nigerians navigating the country’s volatile forex market.

According to real-time data from Bureau De Change (BDC) operators in major cities like Lagos, Abuja, Kano, and Port Harcourt, the Dollar to Naira black market exchange rate on Saturday, August 30, 2025, saw players buying a dollar at ₦1,545 and selling at ₦1,527.

As of today, Sunday, August 31, 2025, the black market rates have shown slight fluctuations. Sources indicate that the buying rate for the US Dollar is approximately ₦1,550, while the selling rate hovers around ₦1,530 in key markets.

These figures reflect the ongoing dynamics of supply and demand in Nigeria’s parallel forex market, which operates outside the Central Bank of Nigeria’s (CBN) regulated channels. The CBN continues to distance itself from the black market, urging individuals to use official banking channels, where the Investors’ and Exporters’ (I&E) window rates are significantly lower, ranging between ₦1,515 and ₦1,525 per dollar.

The persistent gap between the official and black market rates underscores Nigeria’s economic challenges, including limited foreign exchange inflows, reliance on imports, and fluctuating oil prices.

According to financial analysts, the black market remains a critical avenue for individuals and small businesses due to the CBN’s restrictive policies and the scarcity of dollars in the formal market. “The black market thrives because it meets immediate dollar demands that banks often cannot,” said Olumide Adesina, a Lagos-based forex analyst.

Rates can vary slightly by location and transaction volume, with traders in Lagos’ Computer Village noting cautious optimism due to minor increases in diaspora remittances.

Economic experts warn that without significant reforms to boost foreign exchange reserves or reduce import dependency, the Naira may face continued pressure. The International Monetary Fund (IMF) recently projected Nigeria’s GDP growth at 3.2% for 2025 but highlighted currency volatility as a key risk.

For Nigerians seeking to exchange dollars, experts recommend comparing rates from trusted BDC operators and monitoring platforms like Aboki Forex or Nairatoday.com for real-time updates. The CBN advises using authorized dealers to avoid scams, as black market rates are prone to hourly fluctuations.

Stay tuned for further updates as Nigeria’s forex market continues to evolve amid global and domestic economic pressures.

Note: Black market exchange rates are unofficial and unregulated, and individuals are advised to exercise caution when engaging in transactions.