Aboki Naira to Dollar Black Market Exchange Rate Today, 23rd November 2025

Sunday, 23 November 2025, 9:19 am 0 Posted By Aboki Exchange

The Nigerian Naira showed signs of resilience in the parallel exchange market on Sunday, trading at a selling rate of ₦1,475 per US Dollar, according to informal currency traders known as “Aboki” operators in major cities, including Lagos, Abuja, Port Harcourt, and Kano.

The buying rate hovered around ₦1,470, reflecting a modest ₦5 uptick from Saturday’s levels but maintaining overall stability amid subdued weekend trading volumes.

This latest quote comes as the black market experiences a brief period of calm following a volatile year for Nigeria’s currency. The Naira’s value has fluctuated between ₦1,450 and ₦1,490 over the past month, a significant recovery from earlier 2025 highs near ₦1,600 that were driven by fuel subsidy removals, inflationary pressures, and global commodity swings.

For everyday users, exchanging $1,000 today would yield approximately ₦1,470,000 at buying rates – a small but welcome buffer for households and small businesses facing rising import costs.

Market observers attribute the steady rates to lower demand from importers ahead of the weekend, coupled with a slight rebound in global crude oil prices, which hovered around $73 per barrel. As Nigeria’s primary forex earner, oil dynamics play a pivotal role in stabilizing the Naira.

“The Aboki rate’s consistency is a positive signal, but we remain cautious about potential spikes if Central Bank of Nigeria (CBN) interventions slow or if OPEC+ quotas face disruptions,” noted Dr. Aisha Bello, an economist at Nairametrics, in a recent commentary.

Small-scale traders and remittance recipients are advised to verify rates through trusted digital platforms like AbokiFX to avoid scams in the opaque parallel market. Official CBN rates, for comparison, stood at around ₦1,550 per Dollar in recent auctions, highlighting the persistent premium on black market transactions.

As the year-end approaches, all eyes are on upcoming CBN forex injections and international oil trends for clues on whether this stability can hold. For live updates and conversions, monitor sources like Nairatoday.com and TheCityCeleb.