Aboki Naira to Dollar Black Market Exchange Rate Today, 30th September 2025

The Nigerian naira maintained relative stability in the parallel market on Tuesday, with the black market exchange rate for the US dollar hovering around ₦1,500 to ₦1,510 per unit, according to reports from Bureau De Change operators in Lagos and Abuja.

This marks a slight appreciation from Monday’s rates, where sellers quoted the dollar at ₦1,510 and buyers at ₦1,490. The modest uptick comes as traders express cautious optimism following recent interventions by the Central Bank of Nigeria (CBN), including increased dollar inflows from diaspora remittances and export earnings.

“The market is feeling a bit of relief today,” said a veteran Aboki trader in Wuse Market, Abuja, who preferred anonymity. “Demand is steady, but supply is trickling in better than last week.”The black market, often referred to as the “Aboki” rate due to the informal networks of currency hawkers, remains a critical benchmark for everyday Nigerians navigating imports, travel, and small-scale businesses.

It typically trades at a premium over the official CBN rate, which stood at approximately ₦1,494 per dollar on Monday. Over the past week, the naira has fluctuated between a high of ₦1,511 and a low of ₦1,485 against the greenback, reflecting ongoing volatility driven by global oil prices and domestic inflation concerns.

Economists attribute the current steadiness to seasonal factors, including the tail end of the harvest season boosting local forex liquidity. However, challenges persist: Nigeria’s import-dependent economy continues to strain reserves, with the naira having depreciated over 20% year-to-date against the dollar.

“While today’s rates offer a breather, sustained stability will require bolder reforms like enhancing non-oil exports,” noted Dr. Aisha Bello, a currency analyst at Lagos-based Zenith Economics.

For those engaging in forex transactions, experts advise verifying rates through reputable sources like AbokiFX platforms and insisting on receipts to avoid scams.

As the day progresses, traders anticipate minor dips if afternoon remittances pick up. Stay tuned for updates as the market evolves. For real-time rates, check trusted parallel market trackers.