Aboki Naira to Dollar Black Market Exchange Rate Today, 17th November 2025

The Nigerian Naira demonstrated resilience against the US Dollar in the parallel market on Monday, with Aboki traders – the informal currency dealers operating in key cities like Lagos, Abuja, Port Harcourt, and Kano – quoting a selling rate of ₦1,460 and a buying rate of approximately ₦1,450 per unit.

This marks a slight stabilization from the weekend’s levels, where the Naira traded at similar rates of ₦1,460 sell and ₦1,450 buy on both Saturday and Sunday.

The consistency comes after a minor uptick last Friday, when the selling rate reached ₦1,465, reflecting subdued demand from importers and a tentative rebound in oil exports, Nigeria’s primary forex earner.

Market observers attribute the Naira’s plateau to a combination of factors, including moderated dollar inflows from remittances and cautious central bank interventions.

“The black market premium over the official Investor & Exporter (I&E) window – currently around ₦1,450 – remains a concern, but today’s rates offer some relief for households and small businesses reliant on forex for essentials,” said an analyst from Nairametrics in a recent note.

For context, the official Central Bank of Nigeria (CBN) rate hovered near ₦1,450 on Friday, underscoring the persistent gap in the unregulated Aboki segment that fuels arbitrage for cross-border traders.

Local enterprises, from tech startups importing gadgets to textile merchants sourcing fabrics, continue to hedge risks via digital tools like AbokiFX for real-time tracking.

While the Naira has shed over 20% of its value year-to-date amid global inflation pressures and domestic policy shifts, recent stability hints at potential for further gains if commodity prices hold firm. However, experts warn that any falter in oil revenues could push rates toward ₦1,500 by month’s end.

Traders advise caution against exchanging large sums at once and recommend verifying rates through trusted platforms. As Nigeria navigates its economic recovery, the black market remains a vital pulse for everyday forex needs, blending street-level hustle with broader macroeconomic signals. Updates will follow as the trading day unfolds.