Aboki Naira to Dollar Black Market Exchange Rate Today, 24th August 2025

In the latest update on Nigeria’s parallel forex market, the black market exchange rate for the Nigerian Naira (NGN) against the United States Dollar (USD) has shown a modest depreciation today, according to data from popular rate aggregator Aboki Forex.

As of Sunday, August 24, 2025, the Aboki Naira to Dollar rate stands at approximately ₦1,720 per USD for buying and ₦1,725 per USD for selling. This marks a slight decline from Friday’s closing rate of around ₦1,710/₦1,715, reflecting ongoing pressures in the informal forex sector amid global economic uncertainties and domestic demand for dollars.

Traders at key black market hubs in Lagos, Abuja, and Port Harcourt reported steady but cautious trading volumes, with the rate influenced by factors such as seasonal remittances, import demands, and speculation around upcoming Central Bank of Nigeria (CBN) policies.

“The market is volatile, but we’re seeing more sellers than buyers today,” said an anonymous forex trader in Ikeja, Lagos. For context, the official rate at the Investors and Exporters (I&E) window, managed by the CBN, hovered around ₦1,580 per USD earlier today, highlighting the persistent premium on the parallel market.

Economists attribute the gap to Nigeria’s ongoing foreign exchange shortages and efforts to unify rates under the floating regime introduced in 2023. Aboki Forex, a widely used platform for real-time black market rates, emphasized that these figures are indicative and may vary by location and time. Users are advised to verify with local bureau de change operators for the most accurate quotes.

The Naira has faced significant headwinds throughout 2025, depreciating over 20% year-to-date against the Dollar due to inflation, oil price fluctuations, and reduced diaspora inflows. Market watchers will be closely monitoring the CBN’s next monetary policy committee meeting for potential interventions.

For live updates, visit Aboki Forex or authorized financial portals. This report is based on aggregated data and should not be used for transactional decisions without professional advice.