Aboki Naira to Dollar Black Market Exchange Rate Today, 1st October 2025

The parallel market, commonly known as the black market or Aboki rates, saw the Nigerian Naira trading against the US Dollar at approximately ₦1,500 for buying and ₦1,520 for selling today, reflecting minor fluctuations amid ongoing economic stabilization efforts.  

This rate aligns with recent trends where the Naira has maintained relative stability below ₦1,500 per dollar in major cities like Lagos, Abuja, and Kano, following a period of depreciation earlier in the year.  

Bureau de Change operators and informal traders, often referred to as “Aboki” in local parlance, reported buying rates around ₦1,480 to ₦1,490 and selling at ₦1,510 to ₦1,520, with slight variations based on location and transaction volume.  

Real-time updates from forex tracking platforms and social media sources indicate the rate hovered near ₦1,482 in early morning trades, showing a modest appreciation from peaks above ₦1,600 seen months prior.  

Economists attribute this steadiness to increased foreign reserves reaching $42 billion and Central Bank of Nigeria interventions, including interest rate adjustments that have helped narrow the gap between official and parallel market rates.  

However, persistent demand for dollars in imports and remittances continues to exert pressure, with experts urging sustained policy measures to prevent further volatility. The official mid-market rate, for comparison, stood closer to ₦1,484 via international converters.  

Traders advise caution for large transactions, recommending reputable dealers to avoid scams, as black market exchanges remain unregulated.

For the latest updates, sources like AbokiFX and local BDCs provide real-time insights into these informal rates.