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

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a critical focus for Nigerians navigating the country’s volatile forex landscape.

According to sources from Bureau De Change (BDC) operators in Lagos, Abuja, Kano, and Port Harcourt, the Dollar to Naira exchange rate in the parallel market on Sunday, August 31, 2025, was quoted at an average buying rate of ₦1,545 and a selling rate of ₦1,527.

As of today, September 1, 2025, the black market rates have shown slight fluctuations, with dealers in Lagos reporting a buying rate of approximately ₦1,540 and a selling rate of ₦1,550, reflecting the dynamic nature of the unregulated parallel market.

These rates vary slightly across regions due to differences in demand, supply, and local market conditions. For instance, traders in Abuja’s Wuse Zone 4, a hub for BDC operators, have quoted similar rates, with some offering to buy dollars at ₦1,535 and sell at ₦1,550.

The black market, often referred to as the “Aboki” market, continues to play a significant role in Nigeria’s foreign exchange ecosystem due to the limited availability of dollars through official channels. The Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals to conduct forex transactions through licensed banks.

However, the high demand for dollars for importation, travel, and international payments drives many to the black market for quicker access, often at a premium compared to official CBN rates.

Recent reports indicate that the naira has faced ongoing pressure, with the black market rate reflecting Nigeria’s economic challenges, including a dependence on imports and fluctuating foreign reserves. On August 23, 2025, the naira was reported to have ended the week steadily at ₦1,535, bolstered by rising foreign exchange reserves, though it depreciated to ₦1,550 in some parallel markets.

As a precaution, Nigerians are advised to deal only with reputable BDC operators with a physical presence and to verify rates online before transactions to avoid scams. The slight spread between buying and selling rates, typically ₦10–₦20, allows dealers to profit, but rates can vary significantly based on location and transaction volume.

Stay tuned for daily updates on the black market exchange rate between the Dollar and Naira as the economic landscape continues to evolve.