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

The black market exchange rate for the Nigerian Naira (NGN) against the US Dollar (USD) today, as reported by Aboki traders, stands at approximately ₦1,750 to $1 for buying and ₦1,760 to $1 for selling, according to sources from the parallel market in Lagos and Abuja.

This rate reflects a slight depreciation compared to last week’s average of ₦1,740 to $1, driven by ongoing demand for foreign currency amid limited supply in the informal market.

Traders attribute the pressure on the Naira to increased demand for dollars for importation, travel, and other transactions, coupled with uncertainties surrounding Nigeria’s foreign exchange policies.

The official Central Bank of Nigeria (CBN) rate, in contrast, hovers around ₦1,650 to $1, highlighting the significant gap between the parallel and official markets. Analysts note that this disparity continues to fuel speculative trading in the black market, as businesses and individuals seek dollars outside formal channels.

Market participants advise caution, as fluctuations in the black market rate remain volatile due to economic uncertainties and regulatory changes. The CBN has reiterated its efforts to stabilize the Naira through interventions in the official market, but the parallel market continues to play a significant role in Nigeria’s forex landscape.

For the latest updates on exchange rates, Nigerians are encouraged to monitor trusted platforms and consult licensed Bureau De Change operators.