Aboki Naira to Dollar Black Market Exchange Rate Today, 22nd October 2025
The Nigerian Naira maintained its recent stability in the parallel market, trading at a selling rate of ₦1,500 per US Dollar on Wednesday, according to real-time updates from Bureau De Change (BDC) operators and informal traders known as “Aboki” in major cities including Lagos, Abuja, Kano, and Port Harcourt.
This marks a consistent level from the previous trading day, where the rate hovered around the same threshold amid ongoing foreign exchange volatility.
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Buying rates were reported at approximately ₦1,480 per Dollar, reflecting a narrow spread typical of the black market’s dynamics. The parallel market, often referred to as the Aboki FX rate, continues to outpace the official Central Bank of Nigeria (CBN) window, where the Naira exchanged at around ₦1,464 to ₦1,470 per Dollar.
Analysts attribute the black market’s relative firmness to recent CBN interventions, including a $70 million injection into the forex market earlier this month, which has helped curb sharper depreciations.
Key Factors Influencing Today’s Rate
- CBN Interventions: The apex bank’s efforts to unify exchange rates and boost liquidity have provided short-term relief, though experts warn of potential pressures from seasonal dollar demand ahead of year-end imports.
- Global Oil Prices: As Nigeria’s primary forex earner, Brent crude trading above $75 per barrel has offered some support, offsetting inflation concerns at 34.2% year-on-year.
- Investor Sentiment: Increased foreign portfolio inflows, up 24% in July, signal growing confidence, but non-bank corporates now dominate inflows, per FMDQ data.
| Currency Pair | Black Market Buy Rate | Black Market Sell Rate | Official CBN Rate |
|---|---|---|---|
| USD/NGN | ₦1,480 | ₦1,500 | ₦1,464 – ₦1,470 |
| GBP/NGN | ₦1,985 | ₦2,028 | ₦1,920 |
| EUR/NGN | ₦1,695 | ₦1,748 | ₦1,620 |
Market participants advise caution for large transactions, recommending reputable dealers to avoid scams. The CBN has reiterated that it does not endorse parallel market activities, urging citizens to use authorized channels for forex needs.
Economists project the Naira could trade between ₦1,500 and ₦1,600 in the second half of 2025, assuming sustained macroeconomic reforms. For live updates, platforms like AbokiFX remain popular among traders.
This report is based on aggregated data from BDC sources and market surveys. Exchange rates are indicative and may vary by location.
