Aboki Naira to Dollar Black Market Exchange Rate Today, 19th November 2025

The Nigerian Naira showed remarkable stability in the parallel exchange market today, with Aboki traders – the informal currency dealers who dominate the black market in major cities like Lagos, Abuja, Port Harcourt, and Kano – quoting the US Dollar at a selling rate of ₦1,465 per unit and a buying rate of ₦1,455.

This marks a slight uptick of ₦5 on the selling side from yesterday’s ₦1,460, but remains within a narrow band of fluctuations that has characterized the market for over a week.

The rates, sourced from real-time updates by local Bureau de Change (BDC) operators and trackers like AbokiFX, reflect a cautious calm in Nigeria’s volatile forex landscape.

For importers and remittance-dependent households, the consistency offers a brief sigh of relief, as the Naira has hovered between ₦1,450 and ₦1,465 since early last week.

“Successful transaction is better than high rate,” one Abuja-based dealer noted in a morning update, echoing the sentiment among traders who prioritize reliability over aggressive pricing. This stability comes against a backdrop of broader economic pressures.

The Central Bank of Nigeria (CBN) official rate stands at around ₦1,600 per Dollar, highlighting the persistent gap between regulated and parallel markets.

Analysts attribute the black market’s poise to seasonal inflows from diaspora remittances ahead of the holiday season and a modest uptick in oil exports – Nigeria’s economic lifeline – amid stabilizing global crude prices. However, lingering concerns over inflation, now easing to 22.5% on declining food costs, and potential US Federal Reserve policy shifts could test this equilibrium.

Market watchers advise caution for large-scale transactions, urging users to verify rates via trusted apps like AbokiFX or consult licensed BDCs. As Nigeria continues its post-reform recovery, today’s rates underscore a fragile but hopeful trend: the Naira may not be strengthening dramatically, but it’s no longer in freefall.

For the latest conversions, importers exchanging $1,000 would fetch approximately ₦1,455,000 at buying rates – a small mercy in an economy where every kobo counts.

Rates are subject to intraday changes and should be confirmed with local dealers. This report is based on aggregated data from Aboki networks.