Aboki Naira to Dollar Black Market Exchange Rate Today, 12th August 2025

The Nigerian Naira has shown signs of recovery in the parallel market, appreciating to ₦1,560 per US dollar as of Tuesday, August 12, 2025, according to recent reports from market sources.

This marks a notable improvement from rates hovering around ₦1,555.16 earlier in the month, signalling a slight strengthening of the local currency in the unofficial exchange market.

Bureau De Change (BDC) operators across major markets, including Lagos, Abuja, and Kano, have confirmed the Naira’s upward movement, attributing it to a combination of increased foreign exchange supply and cautious optimism among traders.

On August 6, 2025, reports indicated that the black market rate was slightly weaker, with the Naira trading at similar levels before this recent gain. The parallel market, often referred to as the “Aboki” market, remains a critical indicator of Nigeria’s foreign exchange dynamics, as it reflects real-time demand and supply trends outside the official channels.

While the Central Bank of Nigeria (CBN) continues to regulate the official exchange rate, the black market provides a more flexible, albeit volatile, avenue for currency exchange, often driven by informal traders and individuals seeking dollars for international transactions.

Analysts suggest that the Naira’s recent appreciation could be linked to seasonal factors, including increased diaspora remittances and reduced speculative hoarding by traders. However, the market remains sensitive to macroeconomic developments, including fluctuations in global oil prices and domestic monetary policies.

In addition to the dollar rate, other major currencies have maintained relatively stable exchange rates in the black market.

According to posts on social media, the British Pound (GBP) and Euro (EUR) were quoted at approximately ₦2,200.22 and ₦1,850.19, respectively, as of early August, with little change reported in recent days. The Canadian Dollar (CAD) was also stable at around ₦1,180.12.

Despite the Naira’s gains, traders and economic observers urge caution, noting that the black market is prone to sudden shifts. Nigerians are advised to stay informed through reliable sources and exercise prudence in foreign exchange transactions.

For the latest updates on exchange rates and economic trends, follow credible financial platforms and market reports.