Aboki Naira to Dollar Black Market Exchange Rate Today, 13th October 2025

The Nigerian Naira continued its volatile trajectory against the US Dollar in the parallel market today, with Aboki traders quoting a selling rate of ₦1,515 per USD, up marginally from Saturday’s ₦1,510.

Buying rates hovered around ₦1,495, reflecting cautious sentiment among currency dealers in major cities like Lagos, Abuja, and Port Harcourt.

According to real-time updates from trusted parallel market sources, the black market exchange rate—popularly tracked via AbokiFX platforms—shows the Naira depreciating by about 0.33% over the weekend.

This comes as Nigeria grapples with persistent foreign exchange shortages, fluctuating oil prices, and inflationary pressures that have eroded the currency’s value throughout 2025.

Economists attribute the Naira’s slide to a combination of factors, including reduced diaspora remittances, global energy market uncertainties, and domestic policy delays on subsidy reforms.

“The black market remains a barometer for real economic health,” said Dr. Aisha Bello, a forex analyst at Lagos-based Capital Economics. “With FX reserves dipping below $35 billion last month, traders are pricing in further volatility unless the CBN intervenes decisively.”

For everyday Nigerians, the rate hike means steeper costs for imported goods, from electronics to foodstuffs, exacerbating the cost-of-living crisis. A $100 remittance, for instance, now fetches just ₦149,500—down from ₦148,500 last week—squeezing household budgets.

Market watchers anticipate stabilization if upcoming oil auctions yield positive inflows, but warn of potential spikes toward ₦1,550 if US Federal Reserve signals tighter policy.

Traders advise caution, urging deals with verified Aboki operators to avoid scams in the unregulated space.

Stay tuned for updates as rates fluctuate hourly. For live conversions, visit AbokiFX or consult licensed BDCs.