Aboki Naira to Dollar Black Market Exchange Rate Today, 21st September 2025
The Nigerian Naira maintained relative stability against the US Dollar in the parallel market on Sunday, with Bureau De Change (BDC) operators quoting a buying rate of ₦1,535 and a selling rate of ₦1,520 per dollar.
This marks a slight adjustment from Friday’s close, where the rates stood at ₦1,540 for buying and ₦1,535 for selling, reflecting cautious trading activity over the weekend.
Trending Now!!:
The black market, often referred to as the “Aboki” rate due to the informal networks of currency traders, continues to serve as a critical benchmark for everyday transactions in Nigeria, where official Central Bank of Nigeria (CBN) rates remain significantly lower at around ₦1,600 in the Investors and Exporters (I&E) window.
Sources from major trading hubs in Lagos, Abuja, Port Harcourt, and Kano report consistent volumes, with no major disruptions despite ongoing global oil price volatility and domestic inflation concerns.
| Currency Pair | Buy Rate (NGN) | Sell Rate (NGN) | Change from Previous Day |
|---|---|---|---|
| USD/NGN | 1,535 | 1,520 | -5 (Buy), -15 (Sell) |
| EUR/NGN | 1,760 | 1,800 | Stable |
| GBP/NGN | 2,060 | 2,100 | Stable |
Economists attribute the minor dip in selling rates to reduced demand from importers ahead of the new week, coupled with expectations of potential CBN interventions to bolster forex reserves.
“The Naira is treading water in choppy waters,” noted Dr. Aisha Bello, a currency analyst at Lagos-based fintech firm FinHub. “While black market rates offer a lifeline for small businesses, sustained stability will hinge on improved dollar inflows from remittances and non-oil exports.”
The parallel market’s resilience comes amid broader economic challenges, including a projected 28% inflation rate for 2025 and depreciative pressures from Nigeria’s $100 billion external debt servicing needs.
Traders advise caution, urging individuals to verify rates through reputable BDC outlets and avoid large-volume exchanges without due diligence.
For live updates, platforms like AbokiFX and TheCityCeleb remain go-to resources for real-time Aboki rates.
As Nigeria navigates its fiscal reforms, market watchers will be eyeing Monday’s opening for signs of renewed volatility.
