Aboki Naira to Dollar Black Market Exchange Rate Today, 12th November 2025
The Nigerian Naira demonstrated resilience in the parallel forex market today, with informal currency traders—commonly known as Aboki—quoting the US Dollar at a buying rate of ₦1,460 and a selling rate of ₦1,470.
This marks a slight stabilization following minor fluctuations observed in recent trading sessions across major cities like Lagos, Abuja, and Kano.
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Market observers attribute the Naira’s steady performance to subdued demand for dollars amid cautious importer activity and a tentative uptick in oil export revenues, Nigeria’s primary foreign exchange earner.
“The parallel market is reflecting a fragile balance,” said an analyst at Nairametrics, a leading financial news platform. “While pressures from import dependencies persist, today’s rates suggest a brief respite for households and businesses relying on remittances and cross-border transactions.”
For context, the official Investor & Exporter (I&E) window rate, managed by the Central Bank of Nigeria (CBN), stood at approximately ₦1,450 per Dollar as of late yesterday, underscoring the typical premium in the unregulated black market segment.
This gap continues to create arbitrage opportunities for savvy traders, though regulators have ramped up efforts to narrow disparities through interventions and digital tracking platforms.
Key Exchange Rates Snapshot (Black Market, November 12, 2025)
| Currency Pair | Buy Rate (₦) | Sell Rate (₦) | Change from Nov 11 |
|---|---|---|---|
| USD/NGN | 1,460 | 1,470 | Stable |
| EUR/NGN | 1,640 | 1,690 | +10 / +20 |
| GBP/NGN | 1,910 | 1,960 | Stable |
| CAD/NGN | ~1,980 | ~2,020 | +10 / +10 |
The black market, often accessed via apps like AbokiFX for real-time updates, remains a vital lifeline for everyday Nigerians facing forex shortages in formal channels.
However, experts warn that sustained stability hinges on broader economic reforms, including diversification beyond oil and enhanced foreign inflows.
With global commodity prices volatile and domestic inflation hovering above 20%, the Naira could face renewed pressure if inflows falter in the coming weeks.
As Nigeria navigates these dynamics, today’s rates offer a glimmer of optimism for importers, travelers, and diaspora families wiring funds home. For the latest updates, traders recommend monitoring trusted platforms, as rates can shift rapidly within hours.
This report is based on street-level trading data and may vary by location. Always verify with licensed operators for transactions.
