Aboki Naira to Dollar Black Market Exchange Rate Today, 29th October 2025

The Nigerian Naira maintained relative stability in the parallel market today, with informal currency traders—commonly known as “Aboki” operators—quoting a selling rate of ₦1,500 for the US Dollar across major cities, including Lagos, Abuja, Port Harcourt, and Kano.

This marks a slight uptick from the previous day’s rates, where the black market saw dollars changing hands at around ₦1,495 for sellers and ₦1,480 for buyers, according to Bureau De Change (BDC) sources.

The buying rate today hovered at approximately ₦1,485, reflecting cautious optimism among traders despite persistent inflationary headwinds and global currency fluctuations.

The parallel market, which operates outside the official Central Bank of Nigeria (CBN) framework, continues to serve as a vital barometer for grassroots economic sentiment. For comparison, the official CBN interbank rate remains significantly lower, underscoring the wide premium that black market participants command—often driven by demand for dollar-denominated imports, remittances, and foreign travel.

Economic analysts attribute the Naira’s resilience to recent CBN interventions, including targeted forex injections and efforts to unify exchange rate windows. However, challenges persist: Nigeria’s oil-dependent economy grapples with fluctuating crude prices. At the same time, domestic factors like fuel subsidy removal and rising food costs erode purchasing power.

“Traders are treading carefully today,” said Chinedu Okoro, a veteran BDC operator in Lagos’ bustling Alaba International Market. “Demand is steady from importers, but with no major dollar inflows expected soon, we’re not seeing wild swings—yet.”

For those eyeing transactions, experts advise verifying rates with multiple sources, as parallel market quotes can vary by location and volume. Popular platforms like AbokiFX continue to track these rates in real-time, offering a digital lifeline for Nigerians navigating the forex maze.

As the day progresses, all eyes remain on potential announcements from the CBN or fiscal policy shifts that could sway the Naira further. For now, at ₦1,500 to the dollar, the black market signals a fragile equilibrium in Africa’s largest economy.

Rates are indicative and subject to intraday changes. Official CBN rate: ₦1,550 (approx., for reference).