Aboki Naira to Dollar Black Market Exchange Rate Today, 11th December 2025
The Nigerian Naira showed resilience in the parallel market, known locally as the “Aboki” or black market, trading at a buying rate of ₦1,475 and a selling rate of ₦1,490 per US Dollar on Thursday.
This marks a slight stabilization from Wednesday’s levels, offering a brief reprieve for importers and holiday travelers as demand for foreign currency intensifies ahead of the Christmas season.
Trending Now!!:
Bureau de Change operators in key cities like Lagos, Abuja, and Port Harcourt reported minimal fluctuations throughout the day, with the spread between buy and sell rates remaining narrow at ₦15.
Traders attributed the steadiness to modest inflows from remittances and diaspora transfers, though underlying pressures from import dependencies and volatile oil prices continue to loom large.
For context, the official Investors and Exporters (I&E) window, managed by the Central Bank of Nigeria (CBN), closed at approximately ₦1,451.86 per Dollar—creating a persistent premium of about 2-3% in the informal sector.
This gap underscores ongoing challenges in Nigeria’s forex market, where black market rates often serve as a barometer for real-world economic sentiment.
| Exchange Type | Buy Rate (₦) | Sell Rate (₦) | Change from Dec 10 |
|---|---|---|---|
| Black Market (Aboki) | 1,475 | 1,490 | Stable |
| Official (I&E Window) | 1,450 | 1,452 | -₦4 ▼ |
Economists warn that without sustained interventions from the CBN, such as increased dollar auctions or tighter capital controls, the Naira could face renewed depreciation by mid-December.
“The black market’s calm today is deceptive,” noted Dr. Aminu Bello, a currency analyst at Lagos-based Apex Economics. “Festive demand could push rates toward ₦1,500 if oil revenues falter further.”
Nigeria’s inflation rate, hovering near 25%, exacerbates the strain, eroding purchasing power and fueling speculation in the parallel economy.
On the brighter side, recent CBN efforts to unify exchange rates have narrowed the official-black market divide from highs of over 20% earlier in 2025, when the Naira dipped below ₦1,600 per Dollar. Platforms like AbokiFX continue to provide real-time updates, helping Nigerians navigate the volatility.
Market participants are advised to monitor developments closely, as rates can shift hourly. For the latest conversions, check verified sources or consult licensed BDCs to avoid scams in this high-stakes environment.
This report is based on aggregated data from street traders and financial platforms. Rates are indicative and subject to change.
