Aboki Naira to Dollar Black Market Exchange Rate Today, 27th October 2025
The Nigerian Naira showed resilience against the US Dollar in the parallel market, commonly known as the black market or Aboki FX, trading at stable levels amid ongoing economic pressures and Central Bank interventions.
According to Bureau De Change (BDC) operators in Lagos, the Dollar was being sold at ₦1,499 and bought at ₦1,480 on Monday morning, marking little change from Sunday’s close.
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This rate, sourced from street traders and informal forex dealers, reflects the “Aboki” exchange widely used by Nigerians for remittances, travel, and small-scale imports.
The stability comes after a week of volatility, where the Naira briefly dipped below ₦1,500 per Dollar due to heightened demand ahead of the weekend. However, fresh liquidity injections from the Central Bank of Nigeria (CBN)—including a reported $70 million infusion last week—have helped temper depreciation.
Economists attribute the flat trading to seasonal factors, including reduced holiday remittances and a slight uptick in oil exports, Nigeria’s primary forex earner.
| Currency Pair | Buy Rate (₦) | Sell Rate (₦) | Change from Oct 26 |
|---|---|---|---|
| USD/NGN (Black Market) | 1,480 | 1,499 | Stable |
| GBP/NGN | 1,938 | 1,949 | +0.5% |
| EUR/NGN | 1,681 | 1,701 | -0.2% |
| CAD/NGN | 1,060 | 1,071 | -0.1% |
In contrast, the official Nigerian Autonomous Foreign Exchange Market (NAFEM) rate hovered around ₦1,480 per Dollar, narrowing the premium between official and parallel markets to just ₦19—a sign of improving convergence under recent reforms.
Parallel market participants, often referred to as “Aboki” traders, continue to dominate informal transactions, handling an estimated 60% of Nigeria’s daily forex volume.
“Naira holding ground—good news for importers,” one trader posted, while others urged caution amid global uncertainties like US Federal Reserve signals.
Analysts warn that sustained stability hinges on CBN’s forex reserves, currently at $35 billion, and diversification away from oil dependency. “If inflows from diaspora remittances pick up post-holidays, we could see the Naira strengthen to ₦1,450 by mid-November,” said Dr. Aisha Bello, a forex economist at Lagos Business School.
For now, the Aboki market offers a lifeline for everyday transactions, but experts recommend verified BDCs to avoid scams. Stay tuned for updates as trading volumes rise this week.
