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

The Nigerian Naira maintained relative stability against the US Dollar in the parallel market, commonly referred to as the “Aboki” or black market, on Wednesday, with the greenback trading at a selling rate of ₦1,490 per unit across major cities, including Lagos, Abuja, Port Harcourt, and Kano.

Bureau de Change (BDC) operators and street traders reported buying rates ranging from ₦1,475 to ₦1,480, reflecting a narrow spread typical of the informal sector.

This marks no significant change from Tuesday’s close, where the Dollar also fetched around ₦1,490 on the sell side, providing a brief respite for consumers and businesses bracing for year-end holiday demands.

The parallel market’s resilience comes despite ongoing inflationary strains and a year-to-date depreciation of the Naira that has seen it weaken from highs above ₦1,600 earlier in 2025.

For comparison, the Central Bank of Nigeria’s (CBN) official Investors & Exporters (I&E) window closed at approximately ₦1,450 per Dollar on Tuesday, highlighting the persistent premium in the black market—often 2-3% higher—driven by dollar scarcity and heightened demand for imports, remittances, and travel.

Market analysts attribute the flat trajectory to a mix of factors: seasonal inflows from diaspora remittances, which typically peak in December, and cautious optimism around potential CBN interventions to bolster forex reserves, now estimated at $35 billion.

“The Aboki rate is acting as a safety valve for everyday transactions, but it’s no substitute for structural reforms,” said Dr. Aisha Bello, an economist at Lagos-based Think Tank, Economic Watch Nigeria.

“With inflation at 25% and GDP growth projected at just 3.2%, households are feeling the pinch—exchanging $1,000 today yields about ₦1,475,000, barely enough to cover festive basics.” Other major currencies followed suit in the parallel market:

• British Pound (GBP): Buying at ₦1,900, selling at ₦1,950.
• Euro (EUR): Buying at ₦1,690, selling at ₦1,740.
• Canadian Dollar (CAD): Buying at around ₦1,080, selling at ₦1,110 (based on recent averages).

Traders advise caution, urging Nigerians to verify rates with reputable sources like AbokiFX or local BDC networks before transactions, as hourly fluctuations remain common.

While the black market offers quicker access than official channels, experts warn of risks including counterfeit notes and unregulated dealings.

As the yuletide season intensifies, all eyes will be on whether sustained dollar inflows can prevent a mid-December spike. For now, the Naira’s black market footing offers a sliver of predictability in an otherwise volatile economic landscape.

Stay tuned for live updates, as rates can shift rapidly with new developments.