Aboki Naira to Dollar Black Market Exchange Rate Today, 5th 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 the volatile nature of Nigeria’s parallel foreign exchange market.

According to sources from Bureau De Change (BDC) operators in major cities like Lagos, Abuja, Kano, and Port Harcourt, the average buying rate for the US Dollar today, September 5, 2025, is approximately ₦1,527, while the selling rate stands at ₦1,507.

These rates show a slight fluctuation compared to yesterday, September 4, 2025, when BDC operators reported buying at ₦1,535 and selling at ₦1,518 in Lagos.

The marginal decrease in rates underscores the dynamic and unregulated nature of the parallel market, driven by supply and demand dynamics, Nigeria’s heavy reliance on imports, and limited access to foreign currency through official channels. In key trading hubs like Wuse Zone 4 in Abuja, some dealers quoted buying rates as low as ₦1,520, while selling rates in Kano and Port Harcourt hovered closer to ₦1,515.

The Central Bank of Nigeria (CBN) continues to distance itself from the black market, emphasizing that it does not recognize these rates and urging individuals to use official banking channels for foreign exchange transactions.

Official CBN and Investors’ & Exporters’ (I&E) window rates remain significantly lower, ranging between ₦1,515 and ₦1,525 per USD. However, the limited availability of dollars through official channels continues to drive demand for the black market, where transactions are faster but riskier.

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.

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

For Nigerians engaging in currency exchange, experts recommend dealing only with licensed BDC operators with a physical presence and verifying rates on trusted platforms like TheCityCeleb.com before transactions to avoid scams.

As Nigeria’s forex market navigates ongoing economic pressures, individuals are advised to stay informed and exercise caution. Stay tuned for daily updates on the Aboki Naira to Dollar black market exchange rate as the economic landscape continues to evolve.

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