Aboki Naira to Dollar Black Market Exchange Rate Today, 6th November 2025

The Nigerian Naira maintained a fragile equilibrium in the parallel forex market today, with Aboki traders quoting the US Dollar at a selling rate of ₦1,469 and a buying rate of ₦1,450 per unit.

This marks a marginal uptick from yesterday’s levels, reflecting cautious trader sentiment as the country grapples with persistent inflationary pressures and fluctuating oil revenues.

According to sources at Bureau De Change (BDC) operators in Lagos, the rates have shown minimal volatility over the past 24 hours, offering a brief respite for importers, remittances recipients, and small-scale businesses reliant on informal currency exchanges.

“The market is quiet today—dollars aren’t flooding in like before, but demand isn’t spiking either,” said one anonymous Aboki dealer in Ikeja, who preferred not to be named due to regulatory scrutiny.

The parallel market, often referred to as the “black market” or AbokiFX segment, continues to command a premium over official Central Bank of Nigeria (CBN) rates, which hovered around ₦1,450 at the Investors & Exporters (I&E) window earlier this week.

This stability comes against a backdrop of broader economic challenges. Nigeria’s foreign exchange reserves dipped slightly to $32.8 billion last month, per CBN data, while global oil prices—accounting for over 90% of the nation’s export earnings—have stabilized around $72 per barrel following OPEC+ production adjustments.

Analysts attribute the Naira’s relative poise to subdued import demand ahead of the holiday season and increased diaspora inflows via platforms like Western Union and MoneyGram, where rates averaged ₦1,460-₦1,470 for USD transfers.

However, experts warn that the calm may not last. “If oil exports falter or inflation ticks up further—currently at 34.7% year-on-year—the Naira could test ₦1,500 by mid-month,” noted Dr. Aisha Bello, a forex economist at Lagos-based Nairametrics.

The parallel market’s 1-2% premium over official rates underscores ongoing arbitrage opportunities but also highlights liquidity gaps in the formal sector, prompting calls for CBN interventions like targeted dollar auctions.

For everyday Nigerians, these rates translate to tangible impacts: a $100 remittance now yields about ₦146,900 in the black market, down from ₦150,000 a month ago but still a lifeline for families. Tech-savvy users are turning to apps like AbokiFX for real-time conversions, while businesses hedge against volatility through forward contracts.

As the federal government pushes reforms under President Bola Tinubu’s administration—including subsidy removals and forex unification efforts—market watchers remain optimistic about a gradual Naira recovery in Q1 2026.

For now, today’s Aboki rates provide a snapshot of resilience in an unpredictable landscape.

Rates are indicative and subject to intra-day fluctuations. For official transactions, consult authorized dealers.