Aboki Naira to Dollar Black Market Exchange Rate Today, 4th November 2025
In a market characterized by cautious optimism amid ongoing economic pressures, the Nigerian Naira maintained relative stability in the parallel forex segment today, with Aboki traders – the informal currency dealers dominating Lagos and Abuja streets – quoting the US Dollar at a selling rate of ₦1,510 and a buying rate of ₦1,490 per unit.
This marks a modest 0.67% uptick in the selling rate from Monday’s ₦1,500 close, reflecting subdued demand from importers and a tentative rebound in diaspora remittances.
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The latest figures, aggregated from real-time AbokiFX feeds and Bureau de Change (BDC) operators in key hubs like Lagos, Abuja, Port Harcourt, and Kano, underscore the Naira’s fragile equilibrium against the Dollar. For context, the official Central Bank of Nigeria (CBN) Investor & Exporter (I&E) window rate lingered around ₦1,455 yesterday, highlighting a persistent ₦55 premium in the unregulated black market that continues to attract arbitrageurs and small-scale traders.
Market observers attribute today’s slight depreciation to a combination of factors, including fluctuating global oil prices – Nigeria’s primary export earner – and seasonal upticks in foreign exchange outflows for year-end imports.
“The Naira’s plateau is a welcome breather after last week’s volatility, but with holiday spending looming and potential delays in foreign inflows, we could see it testing ₦1,520 by mid-month,” said Dr. Aisha Bello, a senior economist at Nairametrics.
Local businesses, from textile importers in Balogun Market to fintech startups relying on cross-border payments, are increasingly hedging via digital platforms like AbokiFX to mitigate risks.
On a brighter note, the black market’s resilience offers relief for everyday users: remittances via Western Union and MoneyGram averaged conversions at ₦1,480-₦1,500, providing a lifeline for families dependent on overseas earnings.
Parallel rates for other major currencies also held firm, with the British Pound trading at ₦2,030 (sell)/₦1,980 (buy) and the Euro at ₦1,750 (sell)/₦1,700 (buy).
Despite the calm, experts urge caution. “Stick to verified BDCs and avoid street scams – successful transactions beat high rates every time,” advised a Wuse Zone 4 dealer in Abuja.
As Nigeria navigates its multi-faceted economic recovery, all eyes remain on CBN interventions and global cues to determine if this stability endures.
