Aboki Naira to Dollar Black Market Exchange Rate Today, 11th November 2025
The Nigerian Naira showed signs of resilience in the parallel forex market today, with Aboki traders quoting the US Dollar at a selling rate of ₦1,470 and a buying rate of ₦1,460 per unit.
This marks a marginal uptick from Monday’s levels, as informal currency dealers in key cities like Lagos, Abuja, Port Harcourt, and Kano reported subdued demand amid ongoing economic pressures.
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According to real-time updates from parallel market sources, the rate reflects a slight depreciation of about 0.7% from yesterday’s close, where the Naira traded at ₦1,460 buy and ₦1,469 sell.
Traders attribute the minor shift to seasonal remittance inflows and cautious importer activity, though broader concerns over inflation and oil price fluctuations continue to weigh on sentiment.
In comparison, the official Central Bank of Nigeria (CBN) Investor & Exporter (I&E) window closed at approximately ₦1,450 per Dollar on Monday, maintaining a persistent premium in the unregulated Aboki segment. T
his gap, hovering around 1-2%, highlights arbitrage opportunities for cross-border businesses but also underscores the Naira’s vulnerability in informal channels.
| Currency Pair | Buy Rate (₦) | Sell Rate (₦) | Change from Nov 10 |
|---|---|---|---|
| USD/NGN | 1,460 | 1,470 | +₦10 (sell) |
| GBP/NGN | 1,920 | 1,940 | Stable |
| EUR/NGN | 1,660 | 1,680 | Stable |
Market watchers remain optimistic for a potential stabilization by mid-November, buoyed by expected foreign inflows from diaspora remittances ahead of the holiday season.
However, analysts warn that any slowdown in crude oil exports—Nigeria’s primary forex earner—could push rates toward ₦1,500. “The black market’s pulse is a barometer for everyday Nigerians,” said a Lagos-based forex consultant.
“Today’s hold is a breather, but sustained recovery hinges on policy interventions.” For travelers and remitters, experts advise monitoring digital platforms like AbokiFX for live conversions and avoiding large transactions in unregulated spots to mitigate risks.
As the Naira navigates these turbulent waters, all eyes are on upcoming CBN announcements for clues on tighter liquidity measures.
This report is based on aggregated data from Aboki traders and parallel market observers. Rates are indicative and subject to intra-day fluctuations.
