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

The Nigerian Naira maintained relative stability in the parallel market on Monday, trading at approximately ₦1,505 against the US Dollar, according to real-time updates from informal currency traders known as “Aboki” operators in major cities like Lagos, Abuja, and Kano.

This rate reflects a slight softening from the weekend’s close of ₦1,500 for selling and ₦1,480 for buying, as reported by Bureau De Change (BDC) sources on Sunday. The black market, often a barometer for grassroots economic sentiment, continues to hover around the ₦1,500 threshold amid persistent pressures from foreign exchange shortages and global commodity price fluctuations.

Analysts attribute the marginal uptick to increased dollar inflows from diaspora remittances and oil exports, though demand for the hard currency remains robust ahead of the holiday season. “Traders are cautious, with volumes picking up slightly in the afternoon sessions, but no major shifts expected today,” said Chike Olisah, an economist with over two decades in Nigeria’s financial sector.

For comparison, the official Central Bank of Nigeria (CBN) rate stood at around ₦1,450 per Dollar earlier in the week, highlighting the persistent premium on the black market. Similar trends were observed in other currencies: the British Pound exchanged at ₦1,950-₦1,970, while the Euro traded between ₦1,620 and ₦1,640.

Economists warn that while short-term stability offers some relief to importers and consumers, sustained interventions from the CBN—such as further rate hikes or reserve bolstering—will be crucial to narrowing the gap between official and parallel rates. As Nigeria navigates its economic reforms, market watchers will be closely monitoring Tuesday’s trading for any signs of renewed depreciation.

Rates are indicative and subject to real-time fluctuations. For live updates, consult trusted platforms like AbokiFX or local BDCs.