Aboki Naira to Dollar Black Market Exchange Rate Today, 2nd September 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 Nigeria’s volatile foreign exchange landscape.

As of today, Tuesday, September 2, 2025, Bureau De Change (BDC) operators across major markets in Lagos, Abuja, Kano, and Port Harcourt report an average buying rate of ₦1,540 and a selling rate of ₦1,550 for the US Dollar, according to sources from Aboki Forex and other trusted platforms.

These rates show a slight fluctuation compared to yesterday, September 1, 2025, when the black market recorded a buying rate of ₦1,540 and a selling rate of ₦1,524 in Lagos. The marginal increase in the selling rate reflects the ongoing dynamics of supply and demand in Nigeria’s unregulated parallel market, which remains a critical avenue for accessing foreign currency due to limited availability through official channels.

The Central Bank of Nigeria (CBN) continues to distance itself from the parallel market, emphasizing that it does not recognize these rates and urging individuals to use official banking channels. Official CBN and Investors’ & Exporters’ (I&E) window rates are significantly lower, ranging between ₦1,515 and ₦1,525 per USD. However, the high demand for dollars for importation, international travel, and educational expenses abroad continues to drive reliance on the black market.

Economic analysts attribute the persistent gap between official and black market rates to Nigeria’s structural challenges, including dependence on imports, fluctuating oil revenues, and reduced diaspora remittances. Recent reports indicate that the Naira’s depreciation of over 20% year-to-date in 2025 has further fueled the parallel market’s prominence.

On August 23, 2025, the Naira was reported to have ended the week steadily at ₦1,535, supported by rising foreign exchange reserves, though it depreciated to ₦1,550 in some parallel markets.

Traders at key black market hubs, such as Wuse Zone 4 in Abuja, note that rates can vary slightly based on location and transaction volume. For instance, some dealers in Lagos quoted buying rates as low as ₦1,535, while others in Kano and Port Harcourt maintained selling rates closer to ₦1,550.

The typical spread of ₦10–₦20 between buying and selling rates allows dealers to profit, but experts caution that these rates are prone to hourly fluctuations due to the unregulated nature of the market.

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

As Nigeria’s forex market evolves amid global and domestic economic pressures, individuals are urged to deal only with licensed BDC operators with a physical presence and to compare rates before transactions.

Stay tuned for daily updates on the Aboki Naira to Dollar black market exchange rate as the economic landscape continues to shift.

Note: Black market exchange rates are unofficial and unregulated. The CBN advises using authorized dealers to ensure safe transactions.