Aboki Naira to Dollar Black Market Exchange Rate Today, 26th July 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), popularly known as the “Aboki” rate, has shown slight fluctuations today, reflecting ongoing economic pressures and demand for foreign currency in Nigeria’s parallel market.

According to reports from Bureau De Change (BDC) operators in major cities like Lagos, Abuja, Kano, and Port Harcourt, the dollar is trading at an average buying rate of ₦1,535 and a selling rate of ₦1,540 as of Saturday, July 26, 2025.

This represents a marginal shift from yesterday’s rates, which stood at ₦1,535 for buying and ₦1,540 for selling, indicating relative stability in the parallel market. The narrow spread of ₦5 between buying and selling rates suggests a balanced market with moderate demand for dollars, driven by the need for international transactions, such as travel, tuition payments, and the importation of goods.

For context, converting $100 to Naira at today’s black market selling rate would yield approximately ₦154,000, while $1,000 would fetch around ₦1,540,000. Smaller transactions, such as $50, would convert to about ₦77,000. These rates have a significant impact on the cost of imported goods, international education, and travel expenses, making the Aboki rate a critical indicator for many Nigerians.

The Central Bank of Nigeria (CBN) continues to caution against reliance on the black market, highlighting risks such as scams and counterfeit currency. The official CBN exchange rate, reported at approximately ₦1,524.86 as of July 17, 2025, remains slightly lower than the parallel market rates, underscoring the persistent gap between official and black market channels.

Economic analysts attribute the elevated black market rates to Nigeria’s heavy reliance on imports, constrained foreign exchange reserves, and limited access to dollars through formal channels.

As Nigeria navigates its foreign exchange challenges, the Aboki black market rate remains a key barometer of the Naira’s performance. Analysts suggest that without significant policy interventions to boost forex inflows and reduce import dependency, the Naira may face further pressure in the coming months.

For the latest updates, Nigerians are encouraged to consult trusted platforms, such as Aboki Forex, or contact local BDC operators for real-time rates.

Disclaimer: The black market is not recognized by the CBN, and individuals are advised to conduct forex transactions through authorized banks to avoid risks.