Aboki Naira to Dollar Black Market Exchange Rate Today, 12th September 2025

In the bustling parallel markets of Lagos, Abuja, Port Harcourt, and Kano, the black market exchange rate for the Nigerian Naira against the US Dollar remained relatively stable today, with Aboki traders quoting a selling rate of ₦1,535 per USD.

This marks a slight uptick from Thursday’s closing figures but reflects the naira’s continued resilience amid broader economic pressures.

According to sources from Bureau de Change (BDC) operators, commonly known as “Aboki” in local parlance, the buying rate hovered around ₦1,532, allowing traders to purchase dollars from clients at a modest discount before reselling at the prevailing rate.

This equilibrium comes after a week of fluctuations, with the rate dipping to a low of ₦1,504.89 earlier in the period before climbing back.

The black market, which operates outside the official framework of the Central Bank of Nigeria (CBN), often serves as a barometer for grassroots sentiment on currency valuation. Today’s rate underscores a cautious optimism among forex dealers, driven by stabilizing foreign exchange inflows and recent interventions by the CBN to bolster reserves.

However, analysts warn that persistent inflation and global oil price uncertainties could exert downward pressure on the naira in the coming weeks.

For context, the official interbank rate, as tracked by platforms like Xe and Trading Economics, stood at approximately ₦1,505 per USD as of late yesterday, highlighting the persistent premium on parallel market transactions.

Users of the popular AbokiFX app, which aggregates real-time street rates, reported similar figures across major cities, with minor variations of up to ₦5 depending on location and volume.

Traders in Lagos’ bustling Computer Village and Idumota markets attributed the stability to increased remittances from the Nigerian diaspora, which have provided a much-needed buffer against dollar scarcity.

“Business is steady today; no big swings like last month,” said one anonymous BDC operator, who preferred not to be named due to regulatory sensitivities.

Looking ahead, market watchers are closely monitoring the upcoming Federal Reserve policy meeting for clues on global interest rates, which could impact capital flows into emerging markets like Nigeria.

For now, the naira’s black market performance offers a sliver of relief to importers and travellers reliant on informal channels for dollar access.

Stay tuned for updates as rates evolve throughout the day. For the most current quotes, consult trusted aggregators like AbokiFX or local BDC sources.