Aboki Naira to Dollar Black Market Exchange Rate Today, 13th July 2025
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly referred to as the “Aboki” rate, has seen a slight uptick today.
According to Bureau De Change (BDC) operators in major cities such as Lagos, Abuja, Kano, and Port Harcourt, the exchange rate stands at approximately ₦1,595 for buying and ₦1,605 for selling on July 13, 2025. This marks a marginal increase from yesterday’s rates of ₦1,590 for buying and ₦1,600 for selling, as reported on July 12, 2025, reflecting the ongoing volatility in Nigeria’s parallel market.
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The Aboki rate continues to diverge significantly from the Central Bank of Nigeria’s (CBN) official rate, which was recorded at approximately ₦1,547.70 as of July 4, 2025. This persistent gap is driven by Nigeria’s limited foreign exchange reserves, high demand for dollars for imports, international education, and travel, as well as restricted access to forex through formal banking channels.
Economic analysts caution that without substantial policy interventions to boost forex inflows, the Naira could face further depreciation, with some projections suggesting a potential rise toward ₦2,000/$1 in the near future if current trends persist.
For context, converting $100 to Naira at today’s black market selling rate would yield approximately ₦160,500, while $1,000 would fetch around ₦1,605,000. Smaller transactions, such as $50, would convert to about ₦80,250. These rates highlight the significant impact of the black market on the cost of imported goods, international transactions, and Nigerians’ purchasing power.
The black market remains a critical yet volatile source of foreign currency for many Nigerians, particularly those engaged in international trade, travel, or tuition payments. However, the CBN has consistently warned against its use due to risks such as scams and counterfeit currency. Nigerians are advised to exercise caution and compare rates across trusted platforms like AbokiPure.com, Nairatoday.com, and local BDC operators to secure the best deals.
As Nigeria navigates its economic challenges, the Aboki black market rate remains a key indicator of the Naira’s performance and the broader pressures facing the nation’s economy.
Disclaimer: Black market exchange rates are unofficial and subject to rapid fluctuations. Always verify rates with multiple sources before engaging in transactions.
