Aboki Naira to Dollar Black Market Exchange Rate Today, 15th August 2025

The black market exchange rate for the Nigerian Naira against the US Dollar, commonly referred to as the “Aboki” rate, has seen notable fluctuations as of today.

According to recent updates from local currency traders, the Naira is trading at approximately ₦1,550 to $1 (USD) in the parallel market.

This rate reflects a slight appreciation compared to earlier in the month when the Naira was reported at ₦1,555.16 to $1 (USD) on August 1, 2025. However, the Naira’s value has significantly depreciated compared to January 1, 2024, when it stood at ₦882 per $1 (USD), highlighting a year-long trend of weakening against the dollar.

Currency traders in Lagos and Abuja attribute today’s rate to ongoing demand for foreign exchange amid limited supply in the parallel market.

The black market, often a go-to for individuals and businesses seeking dollars outside official channels, continues to reflect Nigeria’s economic challenges, including inflation pressures and foreign exchange scarcity.

The Central Bank of Nigeria (CBN) has yet to comment on today’s parallel market rates, but the disparity between the official and black market rates remains a concern for policymakers. Meanwhile, platforms are offering services for instant Naira conversions for USD, CAD, and cryptocurrencies, catering to the growing demand for accessible foreign exchange solutions.

As Nigeria navigates its economic landscape, the Aboki exchange rate remains a critical indicator of market sentiment and economic realities for many Nigerians.

Disclaimer: Black market exchange rates are unofficial and can vary significantly by location and trader. For official rates, consult the Central Bank of Nigeria or authorized financial institutions.