Aboki Naira to Dollar Black Market Exchange Rate Today, 31st October 2025
The Nigerian Naira maintained its recent stability in the parallel market today, with black market operators—commonly known as “Aboki” traders—selling the US Dollar at an average of ₦1,495 and buying at ₦1,480.
This marks a marginal improvement from Wednesday’s rates, offering a brief respite for importers and travellers amid ongoing economic pressures.
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Sources from Bureau de Change (BDC) operators in key hubs like Lagos’ Ikeja and Alaba International markets, as well as Abuja and Port Harcourt, confirmed the rates remained consistent across major cities.
“Business is steady today; inflows from remittances are keeping the pressure off,” noted one anonymous trader in Lagos, echoing sentiments from the bustling parallel exchanges where informal deals dominate Nigeria’s foreign currency landscape.
The Aboki rate, often a bellwether for street-level transactions, reflects the Naira’s resilience despite global headwinds. For comparison, the official Central Bank of Nigeria (CBN) window closed yesterday at around ₦1,450 per USD, highlighting the persistent premium in the unregulated black market.
This gap, which peaked at over ₦1,535 earlier in the year, has narrowed slightly in recent weeks due to increased diaspora remittances and seasonal export boosts from oil and agriculture.
| Currency Pair | Black Market Sell Rate (₦) | Black Market Buy Rate (₦) | Official CBN Rate (₦) |
|---|---|---|---|
| USD/NGN | 1,495 | 1,480 | 1,450 |
| GBP/NGN | 1,920 | 1,905 | 1,880 |
| EUR/NGN | 1,620 | 1,605 | 1,590 |
Economists attribute the current plateau to the CBN’s recent interventions, including tighter forex controls and efforts to unify rates, but caution that external factors could reignite volatility.
“With US Federal Reserve signals hinting at another rate pause and lingering oil price dips, we could see the Naira testing ₦1,520 by mid-November if commodity exports falter,” warned a Nairametrics analyst in a note to clients.
For everyday Nigerians, the rates mean that exchanging $1,000 would fetch approximately ₦1,495,000 today—up from ₦1,490 just 48 hours ago—impacting everything from school fees abroad to smartphone imports. Experts advise verifying live quotes via trusted platforms like AbokiFX and steering clear of unregulated spots to avoid scams.
As Halloween festivities light up global markets, Nigeria’s currency warriors in the black market continue their daily grind, betting on resilience in an unpredictable fiscal haunt.
Stay tuned for updates as traders’ whispers turn to tomorrow’s deals.
