Aboki Naira to Dollar Black Market Exchange Rate Today, 31st December 2025

As Nigerians usher in the New Year on Wednesday, 31st December 2025, the Nigerian Naira has closed the year on a note of relative stability in the parallel (black) market, commonly known as the “Aboki” rate.

Bureau de Change (BDC) operators and street traders in major cities, including Lagos, Abuja, Port Harcourt, and Kano, report that the US Dollar is trading at ₦1,480 to ₦1,495 per USD.

• Buying rate (Aboki buying dollars from customers): Approximately ₦1,475 – ₦1,485
• Selling rate (customers buying dollars): Approximately ₦1,490 – ₦1,495

This represents minimal change from rates observed on 30th December, where the dollar hovered around ₦1,490–₦1,495 amid reduced trading activity on New Year’s Eve.

Market analysts attribute the Naira’s year-end resilience in the informal sector to seasonal factors, including diaspora remittances during the festive “Detty December” period and lower commercial demand as businesses wind down for the holidays.

Sustained foreign exchange supplies and the Central Bank of Nigeria‘s (CBN) ongoing reforms have also helped narrow the gap between official and parallel rates throughout 2025. In contrast, the official rate at the Nigerian Foreign Exchange Market (NFEM) remains stronger, closing around ₦1,450 per USD in recent sessions, reflecting improved liquidity and reduced arbitrage opportunities.

Traders note that rates can vary slightly by location and dealer, with lower volumes expected on New Year’s Eve. Individuals are advised to use official banking channels for regulated transactions and exercise caution in the parallel market.

Rates are indicative and based on aggregated reports from multiple sources as of 31st December 2025. Black market rates are unofficial and subject to rapid fluctuations.