Aboki Naira to Dollar Black Market Exchange Rate Today, 10th August 2025

The black market exchange rate for the Nigerian Naira against the US Dollar, commonly referred to as the “Aboki” rate, has seen slight fluctuations as reported today.

According to recent social media posts, the exchange rate on the parallel market stands at approximately ₦1,555.16 to $1 (USD) as of August 2, 2025, with no significant updates reported for August 10.

Currency traders in major markets, such as Lagos and Abuja, have noted a persistent demand for the US Dollar, driven by import needs and limited access to official foreign exchange channels.

The black market, often relied upon by individuals and businesses for quick transactions, continues to reflect a premium over the Central Bank of Nigeria’s (CBN) official rate, which remains unavailable in today’s report.

Analysts attribute the stability in the black market rate to ongoing economic policies and interventions by the CBN aimed at narrowing the gap between official and parallel market rates. However, the persistent disparity highlights challenges in foreign exchange liquidity and regulatory oversight.

Other currencies also showed stable rates in recent days, with the British Pound at ₦2,200.22, the Euro at ₦1,850.19, and the Canadian Dollar at ₦1,180.12, based on data from late July and early August.

Traders and financial experts advise caution, as black market rates can be volatile and subject to rapid changes based on market dynamics. For the latest updates, individuals are encouraged to check with local exchange platforms, such as Juicyway, for real-time conversion rates.

Note: Black market exchange rates are unofficial and may carry risks. Always verify rates with trusted sources before engaging in transactions.