Aboki Naira to Dollar Black Market Exchange Rate Today, 3rd September 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly referred to as the “Aboki” rate, continues to reflect the dynamic and volatile nature of Nigeria’s parallel foreign exchange market.

As of today, Bureau De Change (BDC) operators across major cities such as Lagos, Abuja, Kano, and Port Harcourt report an average buying rate of approximately ₦1,540 and a selling rate of ₦1,550 for the US Dollar.

These rates show a slight fluctuation compared to yesterday, 2nd September 2025, when the black market recorded a buying rate of ₦1,540 and a selling rate of ₦1,550 in Lagos, with some variations across regions.

For instance, traders in Abuja’s Wuse Zone 4, a key hub for BDC operators, quoted buying rates as low as ₦1,535, while selling rates in Kano and Port Harcourt hovered closer to ₦1,550. The typical spread of ₦10–₦20 between buying and selling rates allows dealers to profit, but experts caution that these rates are subject to hourly fluctuations due to the unregulated nature of the parallel market.

The Central Bank of Nigeria (CBN) continues to distance itself from the black market, emphasizing that it does not recognize these rates and urging individuals to use official banking channels. Official CBN and Investors’ & Exporters’ (I&E) window rates remain significantly lower, ranging between ₦1,515 and ₦1,525 per USD.

However, the limited availability of dollars through official channels continues to drive demand for the parallel market, where individuals and businesses turn for quicker access to foreign currency.

Economic analysts attribute the persistent gap between official and black market rates to Nigeria’s structural challenges, including heavy reliance on imports, fluctuating oil revenues, and reduced diaspora remittances. The International Monetary Fund (IMF) recently projected Nigeria’s GDP growth at 3.2% for 2025 but highlighted currency volatility as a key risk.

Without significant reforms to boost foreign exchange reserves or reduce import dependency, the Naira may face continued pressure, experts warn. For Nigerians engaging in currency exchange, experts recommend dealing only with licensed BDC operators with a physical presence and verifying rates on platforms like TheCityCeleb before transactions to avoid scams.

As Nigeria’s forex market navigates ongoing economic pressures, individuals are advised to exercise caution and stay informed. Stay tuned for daily updates on the Aboki Naira to Dollar black market exchange rate as the economic landscape continues to evolve.

Note: Black market exchange rates are unofficial and unregulated. The CBN advises using authorized dealers to ensure safe transactions.