Aboki Naira to Dollar Black Market Exchange Rate Today, 12th December 2025
The Nigerian Naira traded marginally higher against the US Dollar in the parallel market, commonly known as the “Aboki” exchange, on Friday, reflecting cautious stability as holiday remittances and import demands intensify.
According to real-time updates from street traders and Bureau de Change operators in key cities like Lagos, Abuja, Port Harcourt, and Kano, the Dollar was buying at ₦1,480 and selling at ₦1,495 per unit.
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This represents a slight 0.34% uptick from Thursday’s closing rates of ₦1,475 (buy) and ₦1,490 (sell), underscoring persistent pressures on the local currency despite recent Central Bank of Nigeria (CBN) interventions to bolster reserves.
The black market premium over the official Investors and Exporters (I&E) window—where the Dollar closed at approximately ₦1,450—hovered around 3%, a narrower gap than the double-digit spreads seen earlier in the year.
| Exchange Type | Buy Rate (₦) | Sell Rate (₦) | Change from Dec 11 |
|---|---|---|---|
| Black Market (Aboki) | 1,480 | 1,495 | ↑ 0.34% |
| Official (CBN I&E) | 1,450 | N/A | Stable |
Market analysts attribute the modest depreciation to seasonal factors, including increased dollar inflows from the Nigerian diaspora ahead of Christmas and year-end celebrations, coupled with rising demand for imported goods.
“While the Naira’s resilience is encouraging, the black market remains a vital barometer for everyday Nigerians facing inflation rates near 25%,” said Dr. Aisha Bello, an economist at the Lagos Chamber of Commerce.
“Exchanging $1,000 today could yield up to ₦1,480,000 at buy rates—a small buffer, but one that highlights the need for sustained foreign exchange inflows.”
For comparison, the Euro traded at ₦1,725 and the British Pound at ₦1,980 in the parallel market, both showing flat movement from the previous day. Platforms like AbokiFX remain go-to resources for live conversions, though traders warn of hourly fluctuations and advise verifying rates with licensed dealers to avoid scams.
The CBN has signaled further measures to unify rates and curb speculation, but with Nigeria’s GDP growth forecast at 3.2% for 2025, experts urge vigilance as the year closes.
Stay tuned for updates, as the “Aboki” pulse often shifts with global oil prices and policy announcements.
