Aboki Naira to Dollar Black Market Exchange Rate Today, 18th November 2025

The Nigerian Naira exhibited continued stability in the parallel exchange market on Tuesday, with Aboki traders – the informal currency dealers ubiquitous in cities like Lagos, Abuja, Port Harcourt, and Kano – maintaining a selling rate of ₦1,460 per US Dollar and a buying rate of ₦1,450.

This marks the third consecutive day of relative calm in the black market, offering a brief respite for importers, remittance recipients, and small businesses grappling with Nigeria’s persistent foreign exchange challenges.

The rates, sourced from real-time updates by Bureau De Change (BDC) operators and platforms like AbokiFX, show no significant deviation from Monday’s closing figures. Traders attribute the plateau to subdued demand for dollars amid a seasonal lull in import activities and steady inflows from diaspora remittances.

“The market is quiet today – no panic buying, and oil export receipts are trickling in steadily,” said a veteran Aboki dealer in Lagos’ bustling Alaba International Market, speaking on condition of anonymity. “But we’re watching global crude prices closely; any dip could stir things up.”

For context, the official Investor and Exporter (I&E) window rate stood at approximately ₦1,450 per Dollar on Monday, according to the Central Bank of Nigeria (CBN), underscoring the narrow but persistent premium in the unregulated parallel segment.

This gap, though slimmer than the yawning disparities seen earlier in 2025, continues to fuel arbitrage opportunities for cross-border traders while highlighting the Naira’s vulnerability to external shocks. Economists remain cautiously optimistic but warn of underlying pressures.

“The Naira’s resilience here is a positive signal, driven by improved forex liquidity from the CBN’s recent interventions,” noted Dr. Aisha Bello, a currency analyst at Nairametrics. “However, with inflation still hovering above 25% and global uncertainties like U.S. interest rate policies, we could see volatility return by month’s end if commodity exports falter.”

Recent data from the National Bureau of Statistics indicates food prices – a key driver of inflation – eased slightly last month, providing some breathing room for households.

On the broader front, the black market rates for other major currencies also held firm: the British Pound traded at a selling rate of ₦1,920 and buying at ₦1,900, while the Euro fetched ₦1,580 to sell and ₦1,560 to buy. Canadian Dollars remained niche, with Aboki quotes around ₦1,080 sell.

Market participants are advising caution for large transactions, recommending reputable BDCs and digital trackers like AbokiFX for live conversions.

As Nigeria navigates its economic recovery post-2024 reforms, today’s steady rates serve as a reminder that while the Naira may be stabilizing, the path to sustained strength remains fraught with hurdles.

For the latest updates, follow trusted sources such as Naija News and Nairatoday.com. Exchange rates are subject to intraday fluctuations and should be verified with local dealers before any transactions.