Aboki Naira to Dollar Black Market Exchange Rate Today, 30th August 2025
The black market exchange rate for the Nigerian Naira (NGN) against the US Dollar (USD), commonly referred to as the “Aboki” rate, remains a critical indicator for many Nigerians navigating the country’s foreign exchange landscape.
As of today, Saturday, August 30, 2025, the black market exchange rate for the Dollar to Naira in major hubs like Lagos, Abuja, and Port Harcourt is reported as follows:
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- Buying Rate: ₦1,545 per USD
- Selling Rate: ₦1,555 per USD
These rates reflect a slight increase from yesterday’s figures, where the Dollar was bought at ₦1,545 and sold at ₦1,522, according to sources from Bureau De Change (BDC) operators in Lagos.
The marginal uptick in rates occurs amid ongoing foreign exchange supply constraints and heightened demand for dollars, driven by importation needs, international travel, and educational expenses abroad.
The Central Bank of Nigeria (CBN) continues to distance itself from the parallel market, emphasizing that it does not recognize the rates prevailing in this market. The official CBN and Investors’ & Exporters’ (I&E) window rates remain lower, hovering between ₦1,525 and ₦1,540 per USD. However, limited access to foreign currency through official channels, coupled with bureaucratic delays and documentation requirements, continues to push individuals and businesses toward the black market for quicker and more accessible transactions.
Analysts attribute the persistent gap between official and black market rates to Nigeria’s economic challenges, including fluctuating oil revenues, high inflation, and reduced diaspora remittances. The Naira’s depreciation of over 20% year-to-date in 2025 has further fueled reliance on the parallel market.
Traders at key black market hubs reported cautious trading volumes, with rates influenced by seasonal demands and speculation surrounding potential CBN policy changes. For real-time updates, platforms like Aboki Forex and Nairatoday.com remain go-to sources for Nigerians tracking black market rates.
Experts advise individuals to verify rates with local BDC operators, as prices can vary slightly by location and transaction volume. As Nigeria awaits the CBN’s next monetary policy committee meeting, market watchers anticipate continued pressure on the Naira unless significant structural reforms or increased foreign inflows materialize.
