Aboki Naira to Dollar Black Market Exchange Rate Today, 8th September 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), popularly known as the “Aboki” rate, has experienced slight fluctuations today, reflecting the ongoing volatility in Nigeria’s parallel foreign exchange market.

According to sources from Bureau De Change (BDC) operators in major trading hubs such as Lagos, Abuja, Kano, and Port Harcourt, the average buying rate for the US Dollar on Sunday, September 7, 2025, stood at approximately ₦1,518, while the selling rate was around ₦1,510.

As of today, Monday, September 8, 2025, BDC operators report a marginal shift in rates. The black market is seeing an average buying rate of ₦1,515 and a selling rate of ₦1,505, according to real-time data from trusted platforms like TheCityCeleb.com.

This slight appreciation in the Naira’s value is attributed to increased foreign exchange inflows and recent interventions by the Central Bank of Nigeria (CBN) aimed at stabilizing the currency. However, traders in Wuse Zone 4, Abuja, noted that rates can vary slightly, with some bulk transactions closing as low as ₦1,500.

The black market remains a critical component of Nigeria’s foreign exchange ecosystem due to limited access to dollars through official channels. The CBN continues to distance itself from the parallel market, emphasizing that it does not recognize these rates and urging individuals to use authorized banking channels for forex transactions. Official CBN and Investors’ & Exporters’ (I&E) window rates are significantly lower, ranging between ₦1,490 and ₦1,500 per USD.

Economic analysts point to Nigeria’s import-dependent economy, fluctuating oil revenues, and reduced diaspora remittances as key drivers of the persistent gap between official and black market rates. The International Monetary Fund (IMF) has projected Nigeria’s GDP growth at 3.2% for 2025 but highlighted currency volatility as a significant risk. Experts warn that without structural reforms to boost foreign exchange reserves and reduce import dependency, the Naira may face continued pressure.

For those engaging in currency exchange, financial 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. Rates are prone to hourly fluctuations due to the unregulated nature of the market, and caution is advised to ensure safe transactions.

Stay tuned for daily updates on the Aboki Naira to Dollar black market exchange rate as Nigeria’s forex market continues to navigate domestic and global economic pressures.

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