Aboki Naira to Dollar Black Market Exchange Rate Today, 13th September 2025
The Nigerian Naira showed resilience against the US Dollar in the parallel market today, trading at an average selling rate of ₦1,540 per USD, according to reports from Aboki currency traders across major cities including Lagos, Abuja, Port Harcourt, and Kano.
This marks a slight uptick from yesterday’s closing rate of ₦1,535, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
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Bureau de Change operators, commonly known as Aboki traders, quoted buying rates at approximately ₦1,520 per USD, creating a narrow spread that underscores cautious optimism among market participants.
The rates, aggregated from real-time dealer updates, highlight the parallel market’s role as a vital barometer for everyday transactions, often diverging from the Central Bank of Nigeria‘s (CBN) official rates.
For context, the black market rate has hovered between ₦1,515 and ₦1,530 over the past week, influenced by factors such as reduced foreign inflows, seasonal demand for dollar-denominated imports, and lingering effects from global oil price fluctuations.
On September 12, traders reported a stable session at ₦1,535, while earlier in the week on September 9, rates dipped to around ₦1,504 in some segments before rebounding.
Economists attribute the modest gain today to speculative buying ahead of anticipated CBN interventions, though no official announcements were made.
| Currency Pair | Buy Rate (₦) | Sell Rate (₦) | Change from Yesterday |
|---|---|---|---|
| USD/NGN (Black Market) | 1,520 | 1,540 | +₦5 (+0.33%) |
| EUR/NGN (Black Market) | 1,770 | 1,800 | Stable |
| GBP/NGN (Black Market) | 2,090 | 2,130 | -₦10 (-0.47%) |
The parallel market remains a lifeline for small businesses, travelers, and remittances, but its premium over official rates—currently around 15-20%—continues to fuel debates on currency unification.
Finance Minister Wale Edun reiterated in a statement yesterday that the government is monitoring forex dynamics closely, with potential measures to boost dollar supply through diaspora bonds.
As Nigeria grapples with inflation nearing 25% and a projected GDP growth of 3.2% for 2025, market watchers advise caution for large transactions. “Stick to reputable dealers and avoid bulk exchanges to mitigate risks,” said one Abuja-based trader, echoing sentiments from the NgnRates community forums.
For live updates, platforms like AbokiFX and TheCityCeleb remain go-to sources, though users are urged to verify rates in real-time due to intra-day fluctuations.
The Naira’s performance will be in sharp focus next week as the CBN’s Monetary Policy Committee convenes.
