Aboki Naira to Dollar Black Market Exchange Rate Today, 18th September 2025

The Nigerian Naira maintained its recent resilience against the US Dollar in the parallel market today, with Aboki traders quoting a selling rate of ₦1,530 per USD.

This marks a slight improvement from earlier in the week, as increased foreign exchange supply continues to ease pressure on the local currency.

According to updates from Bureau De Change operators in key cities, including Lagos, Abuja, Port Harcourt, and Kano, the black market buy rate hovered around ₦1,525 per Dollar, reflecting cautious optimism among traders.

The rates, often tracked via platforms like AbokiFX, showed minimal fluctuations throughout the day, with no significant volatility reported as of late afternoon.

This stability comes on the heels of a six-month high for the Naira at ₦1,506.84 earlier in the week, bolstered by rising forex reserves and steady inflows from diaspora remittances and export earnings.

Analysts attribute the trend to the Central Bank of Nigeria’s (CBN) ongoing interventions in the official market, which indirectly influence parallel rates.

For context, the official Investors and Exporters (I&E) window rate stood at approximately ₦1,504 per Dollar today, narrowing the gap between official and parallel markets to under 2%.

Economists warn, however, that sustained recovery depends on broader reforms, including enhanced oil production and diversification away from dollar dependency.

Market participants advise caution for transactions, emphasizing the importance of dealing with verified Bureau De Change operators to avoid scams.

As Nigeria navigates global economic headwinds, including fluctuating oil prices, the black market remains a critical barometer for everyday currency needs.

Stay tuned for updates as rates evolve. For live conversions, visit trusted platforms like AbokiFX.