Aboki Naira to Dollar Black Market Exchange Rate Today, 11th October 2025

The Nigerian Naira maintained its position against the US Dollar in the parallel market today, with black market operators, commonly known as “Aboki” traders, quoting a selling rate of ₦1,500 per Dollar.

This marks a slight stabilization following minor fluctuations earlier in the week, as currency dealers in key cities like Lagos, Abuja, and Kano reported consistent demand from importers and travelers.

According to real-time updates from trusted parallel market trackers, the buying rate for the Dollar stands at approximately ₦1,485, reflecting a narrow spread that underscores the tight liquidity in the informal forex sector.

These rates, sourced from Bureau de Change (BDC) operators and street vendors, remain significantly higher than the official Central Bank of Nigeria (CBN) rate, highlighting ongoing disparities between regulated and unregulated markets.

The stability comes despite persistent challenges, including Nigeria’s heavy reliance on oil exports and global commodity price volatility. Economists attribute the Naira’s resilience today to recent interventions by the CBN, such as increased dollar allocations to BDCs and efforts to unify exchange rates.

However, inflationary pressures and a widening trade deficit continue to weigh on the local currency, with analysts warning of potential depreciation if foreign inflows do not improve.

“This rate is what everyday Nigerians are dealing with—importers paying premiums just to get goods on shelves,” said Chinedu Okoro, a Lagos-based forex trader. “It’s steady for now, but holidays and year-end demands could push it up again.”

For comparison, the black market rate for other major currencies today includes:

• Euro to Naira: Selling at ₦1,620 / Buying at ₦1,600
• British Pound to Naira: Selling at ₦1,950 / Buying at ₦1,920
• Canadian Dollar to Naira: Selling at ₦1,110 / Buying at ₦1,090

Market participants are advised to exercise caution and verify rates with licensed dealers to avoid scams, as parallel market transactions carry inherent risks. Updates on Aboki rates can fluctuate rapidly, and traders recommend monitoring reliable platforms for the latest figures.

As Nigeria navigates its economic recovery, all eyes remain on upcoming CBN policy announcements, which could influence forex dynamics in the coming weeks.

For now, the Naira-Dollar parity offers a brief sigh of relief for households and businesses grappling with rising costs.