Aboki Naira to Dollar Black Market Exchange Rate Today, 16th December 2025

As Nigerians continue preparations for the festive season, the Nigerian Naira maintained relative stability in the parallel market (commonly referred to as the black market or “Aboki” rate) on Tuesday, 16th December 2025.

Bureau De Change (BDC) operators in major cities, including Lagos, Abuja, Port Harcourt, and Kano, reported that the US Dollar traded in a narrow range.

Traders are buying the Dollar at approximately ₦1,490 and selling at around ₦1,496–1,500 per USD. This reflects minimal change from the previous day’s rates, where selling prices hovered around ₦1,495–1,496.

The slight premium in the parallel market persists due to sustained demand for physical cash dollars amid holiday travel, remittances, and imports. However, seasonal diaspora inflows and improved forex liquidity have helped prevent sharper fluctuations seen earlier in the year.

For context, the official Central Bank of Nigeria (CBN) rate in the Nigerian Foreign Exchange Market (NFEM) is significantly lower, typically around ₦1,440–1,450 per USD in recent sessions. However, the CBN does not recognize or regulate parallel market transactions.

Market analysts note that the gap between official and black market rates has narrowed compared to peaks above ₦1,600 earlier in 2025, thanks to CBN reforms and higher foreign reserves.

Nonetheless, everyday transactions for many Nigerians—such as school fees payments or small business imports—continue to rely on the more accessible parallel market.

Rates can vary slightly by location and time of day, and are subject to rapid changes based on supply and demand. Traders recommend verifying with local BDC operators for the most accurate quotes.

Note: Black market rates are unofficial and provided for informational purposes only. The CBN advises using authorized channels for foreign exchange needs.