Aboki Naira to Dollar Black Market Exchange Rate Today, 28th September 2025
The Nigerian Naira continued to face volatility against the US Dollar in the parallel market, commonly known as the black market or Aboki FX, with traders quoting a selling rate of ₦1,505 per dollar on Sunday.
This marks a slight uptick from recent sessions, underscoring ongoing pressures on the local currency amid economic uncertainties. According to reports from Bureau De Change (BDC) operators in Lagos, the buying rate stood at ₦1,485 per dollar, reflecting a modest depreciation as demand for foreign exchange remains high.
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The parallel market rates, which often serve as a barometer for street-level transactions, have hovered around the ₦1,500 mark in recent days, with minor fluctuations driven by limited dollar inflows and speculative trading.
The latest figures come on the heels of a relatively stable weekend, where the Naira traded at similar levels on Saturday, September 27. Analysts attribute the persistent weakness to factors including Nigeria’s heavy reliance on oil exports, foreign investor hesitancy, and seasonal demands for dollar-denominated imports ahead of the holiday season.
“The black market remains a critical pulse for everyday Nigerians, but it’s clear the Naira is still grappling with structural challenges,” said an economist at a Lagos-based think tank, speaking anonymously.
In contrast, the official rate set by the Central Bank of Nigeria (CBN) remains more controlled, trading closer to ₦1,600 in the Investors and Exporters (I&E) window; however, the gap between the official and parallel rates continues to fuel arbitrage opportunities.
As the federal government pushes reforms to unify exchange rates and boost reserves, market watchers anticipate potential interventions to stabilize the Naira in the coming weeks. For now, travelers and importers are advised to closely monitor rates, as the black market’s agility often outpaces official channels.
Stay tuned for updates as the forex landscape continues to evolve. For real-time conversions, platforms like AbokiFX offer live tools, although users are cautioned against dealing with unregulated traders.
