Aboki Naira to Dollar Black Market Exchange Rate Today, 22nd August 2025

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

As of today, Friday, August 22, 2025, Bureau De Change (BDC) operators in major cities like Lagos, Abuja, and Port Harcourt are quoting the Dollar to Naira exchange rate at approximately ₦1,555 for buying and ₦1,560 for selling, according to reliable sources in the parallel market.

This represents a slight increase from yesterday’s rates of ₦1,555 (buying) and ₦1,550 (selling) on August 21, 2025, indicating persistent pressure on the Naira due to high demand for foreign currency and limited supply through official channels.

The black market remains a critical avenue for many Nigerians, including small businesses, importers, and students abroad, despite the Central Bank of Nigeria (CBN) urging citizens to utilize regulated banking systems for forex transactions.

The gap between the black market and official exchange rates continues to raise concerns. The CBN’s Investors’ and Exporters’ (I&E) window reported rates between ₦1,525 and ₦1,540 per dollar, significantly lower than the parallel market rates. This disparity is driven by challenges in accessing dollars through official channels, including limited supply, stringent documentation requirements, and transaction delays, pushing many to the more accessible but unregulated black market.

Market analysts attribute the Naira’s weakness to Nigeria’s reliance on imports, low foreign exchange reserves, and insufficient inflows from crude oil sales and diaspora remittances. Despite recent reforms in the monetary and fiscal space, which have led to some stabilization in the official market, the parallel market continues to set the benchmark for retail forex users.

For Nigerians looking to stay updated, platforms like Aboki Forex, Nairatoday, and Investors King provide real-time black market rates, while the CBN website offers official exchange rate data.

As the economic landscape remains uncertain, experts urge Nigerians to monitor exchange rates closely and compare rates across locations and dealers, as black market rates can vary slightly depending on transaction volume and regional demand.

The CBN is expected to continue interventions to stabilize the official market, but the parallel market’s dominance is likely to persist without significant structural reforms and increased forex inflows.

For the latest updates on the Dollar to Naira black market exchange rate, visit trusted platforms like TheCityCeleb or consult the CBN for official rates.

Disclaimer: Black market rates are unofficial and subject to variation based on location, dealer, and transaction volume.