Aboki Naira to Dollar Black Market Exchange Rate Today, 20th December 2025

The Nigerian Naira maintained stability in the parallel market, commonly known as the “black market” or “Aboki” rate, on Saturday, December 20, 2025, with the US Dollar trading at consistent levels across major cities.

Bureau De Change (BDC) operators and street traders in Lagos, Abuja, Port Harcourt, and Kano reported the Dollar selling at ₦1,496 per USD. Buying rates from customers hovered around ₦1,480–₦1,490 per USD, showing minimal fluctuations despite heightened seasonal demand for foreign currency during the “Detty December” celebrations.

This stability comes as Nigerians ramp up spending for Christmas and New Year festivities, including travel, imports, and remittances. Analysts attribute the Naira’s resilience to improved diaspora inflows and the Central Bank of Nigeria (CBN) ‘s ongoing efforts to enhance forex liquidity through targeted interventions.

In comparison, the official rate in the Nigerian Foreign Exchange Market (NFEM) traded lower, around ₦1,440–₦1,455 per USD, highlighting a modest premium in the parallel market due to its greater accessibility for individuals and small businesses.

The gap between official and black market rates has narrowed significantly in 2025, reflecting progress in forex reforms. Experts note that while year-end volatility remains a risk amid elevated inflation and modest GDP growth projections, sustained CBN support could keep the Naira within a stable range heading into 2026.

Rates in the parallel market can fluctuate hourly and vary by location. Traders are advised to check with verified operators for the most accurate quotes.

Black market transactions are unofficial and provided for informational purposes only.