Aboki Naira to Dollar Black Market Exchange Rate Today, 5th November 2025
The Nigerian Naira demonstrated resilience in the parallel forex market today, with Aboki traders – the informal currency dealers ubiquitous in Lagos, Abuja, Port Harcourt, and Kano – quoting the US Dollar at a selling rate of ₦1,450 per unit.
This marks a slight stabilization following minor fluctuations in recent days, offering a brief respite for importers, remittances, and everyday currency exchangers grappling with Nigeria’s volatile economic landscape.
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According to parallel market updates, the black market rate reflects subdued dollar demand amid cautious rebounds in oil exports and reduced importer appetite.
For comparison, the official Central Bank of Nigeria (CBN) Investor and Exporter (I&E) window hovered around ₦1,450 per Dollar, narrowing the typical premium seen in unregulated segments and signalling potential alignment between formal and informal channels.
The rate comes on the heels of yesterday’s trading, where Bureau De Change (BDC) operators sold Dollars at ₦1,459 and bought at ₦1,445, a marginal uptick from earlier in the week when rates climbed to ₦1,510 selling on November 4.
Analysts attribute the current plateau to seasonal factors, including post-harvest forex inflows and a temporary lull in global commodity pressures, though experts warn of risks from potential oil price dips or policy shifts.
“This stability is a welcome breather, but it’s fragile,” said an economist with Nairametrics, a leading financial intelligence platform. “With inflation still biting and foreign reserves under scrutiny, the Naira could face renewed pressure if inflows falter by mid-month.”
Local businesses —from textile importers in Aba to tech startups in Yaba —are increasingly relying on digital tools like AbokiFX for real-time hedging, underscoring the gap between official rates and street-level realities.
For those navigating the market, here’s a quick snapshot of today’s key rates across major currencies in the parallel segment:
| Currency | Buy Rate (₦) | Sell Rate (₦) | Change from Nov 4 |
|---|---|---|---|
| USD | 1,430 | 1,450 | -₦9 (-0.6%) |
| GBP | 1,850 | 1,870 | Stable |
| EUR | 1,580 | 1,600 | -₦5 (-0.3%) |
| CAD | 1,060 | 1,080 | Stable |
As Nigeria’s economy contends with broader challenges like subsidy removals and naira redesign aftereffects, market watchers urge caution for small traders.
“Stick to reputable BDCs and avoid large transactions at once to mitigate scam risks,” advised a Lagos-based forex consultant.
Remittances, which hit a record $20 billion last year, continue to buoy the market, but sustained recovery hinges on CBN interventions and global energy trends.
