Aboki Naira to Dollar Black Market Exchange Rate Today, 21st July 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), popularly known as the “Aboki” rate, continues to reflect the ongoing volatility in Nigeria’s parallel market.

According to sources from Bureau De Change (BDC) operators in major cities like Lagos, Abuja, Kano, and Port Harcourt, the dollar is trading at an average buying rate of ₦1,530 and a selling rate of ₦1,540 as of today, July 21, 2025.

This rate aligns with figures reported on July 20, 2025, indicating relative stability in the parallel market amidst moderate demand for dollars. The slight spread between buying and selling rates reflects a balanced market, with BDC operators noting steady but not overwhelming demand for foreign currency. For context, converting $100 to Naira at today’s black market selling rate yields approximately ₦154,000, while $1,000 would fetch around ₦1,540,000.

The Central Bank of Nigeria (CBN) continues to caution against reliance on the black market, urging individuals and businesses to conduct foreign exchange transactions through authorized banks to avoid risks such as scams and counterfeit currency. The official CBN rate, reported at approximately ₦1,524.86 on July 17, 2025, remains lower than the parallel market rates, highlighting the persistent gap between official and black market channels.

Economic analysts attribute the elevated black market rates to Nigeria’s heavy reliance on imports, limited foreign exchange reserves, and high demand for dollars driven by international transactions, including travel, education, and importation of goods.

As Nigeria navigates its foreign exchange challenges, the Aboki rate remains a critical indicator of the Naira’s performance and the broader economic pressures facing the nation.

Nigerians are advised to exercise caution and compare rates across trusted platforms and local BDC operators to secure the best deals.