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

The Nigerian Naira demonstrated resilience against the US Dollar in the parallel market today, with Aboki (informal currency) traders quoting a selling rate of ₦1,460 and a buying rate of ₦1,450 per dollar across major cities including Lagos, Abuja, Port Harcourt, and Kano.

This marks a continuation of the currency’s relative stability observed over the past week, offering a brief respite for importers, remittances, and everyday forex users amid ongoing economic pressures.

Sources from Bureau De Change (BDC) operators in these hubs confirmed the rates early Sunday morning, reflecting subdued demand for dollars in the wake of recent Central Bank of Nigeria (CBN) interventions aimed at curbing volatility.

For comparison, the official CBN rate at the Investors and Exporters (I&E) window stood at approximately ₦1,450 per dollar on Friday, narrowing the typical premium in the unregulated Aboki segment to just ₦10–20. This convergence highlights incremental progress in aligning parallel and official markets, though analysts caution that external factors like oil price swings could disrupt the trend.

The black market, often a barometer for grassroots economic sentiment, has seen the Naira trade within a tight band of ₦1,450–1,465 over the last three days. Yesterday, November 15, rates hovered at the same levels—selling at ₦1,460 and buying at ₦1,450—down slightly from ₦1,465/₦1,457 on November 14.

Earlier in the month, the Naira had dipped to as low as ₦1,500 against the dollar, driven by seasonal import demands and reduced foreign inflows. Today’s plateau is attributed to a cautious rebound in crude oil exports, Nigeria’s primary forex earner, coupled with tighter dollar liquidity among informal dealers.

Economists point to broader implications for consumers and businesses. “While the stability is welcome, it masks underlying vulnerabilities—remittance-dependent households and small-scale importers are still paying a premium for quick access to dollars,” said Dr. Aisha Bello, a currency analyst at Nairametrics.

She added that the Naira could face renewed pressure if global oil benchmarks fall below $70 per barrel or if holiday-season forex demands spike. On a positive note, digital platforms like AbokiFX continue to provide real-time hedging tools, helping users navigate the market without physical transactions.

For those eyeing other currencies, Aboki rates today include the Euro selling at around ₦1,700 and buying at ₦1,650, the British Pound at ₦1,950 (sell)/₦1,890 (buy), and the Canadian Dollar at similar margins adjusted for demand.

Traders advise caution, emphasizing that rates can shift intraday based on local supply and geopolitical news. As Nigeria’s economy grapples with inflation hovering near 25% and policy reforms under the Tinubu administration, today’s Aboki rates underscore a fragile equilibrium.

Market watchers will be glued to upcoming CBN announcements for clues on sustained interventions. For live updates, platforms like TheCityCeleb remain the go-to for instant conversions.

Rates are indicative and subject to real-time changes. Always verify with licensed dealers for transactions.