Aboki Naira to Dollar Black Market Exchange Rate Today, 4th September 2025

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

According to sources from Bureau De Change (BDC) operators in major cities like Lagos, Abuja, Kano, and Port Harcourt, the average buying rate for the US Dollar today, 4th September 2025, is ₦1,535, while the selling rate stands at ₦1,518.

This represents a slight decrease from yesterday’s rates, where BDC operators reported buying at ₦1,535 and selling at ₦1,518 in Lagos. The marginal fluctuation underscores the dynamic nature of the unregulated parallel market, driven by supply and demand dynamics, Nigeria’s reliance on imports, and limited access to foreign currency through official channels.

In key trading hubs like Wuse Zone 4 in Abuja, some dealers quoted buying rates as low as ₦1,530, while selling rates in Kano and Port Harcourt hovered closer to ₦1,555. The typical spread of ₦10–₦20 between buying and selling rates allows traders to maintain profitability, though rates remain subject to hourly fluctuations due to the market’s unregulated nature.

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

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

For Nigerians engaging in currency exchange, experts recommend dealing only with licensed BDC operators with a physical presence and verifying rates on trusted platforms before transactions to avoid scams.

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

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