Aboki Naira to Dollar Black Market Exchange Rate Today, 6th October 2025
The Nigerian Naira maintained relative stability in the parallel market today, with the black market exchange rate for the US Dollar trading at approximately ₦1,500 for selling and ₦1,475 for buying, according to Bureau De Change (BDC) operators in Lagos and Abuja.
This rate, often referred to as the “Aboki” rate due to the informal traders dominating the sector, shows a slight uptick from Friday’s closing figures of around ₦1,460, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
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Traders in key hubs like Lagos, Abuja, Port Harcourt, and Kano reported brisk activity, with demand driven by importers and remittances ahead of the weekend.
The parallel market rate remains significantly higher than the official Central Bank of Nigeria (CBN) window, which hovered at about ₦1,600 per USD last week, underscoring persistent challenges in bridging the gap between official and informal trading.
Analysts attribute the marginal firming of the Naira to recent CBN interventions aimed at boosting dollar liquidity, including the sale of $50 million to local banks earlier this month.
“While the Naira has shown some resilience, external factors like global oil price fluctuations and reduced foreign inflows continue to exert pressure,” said Dr. Aisha Bello, an economist at the Lagos Business School.
“Expect the black market to remain sensitive to any policy announcements from the CBN or developments in the US Federal Reserve’s rate decisions.”
For context, the rate has fluctuated between ₦1,445 and ₦1,510 over the past week, with a modest appreciation of 2-3% against the Dollar since early October. This comes as Nigeria grapples with inflation nearing 30% and a push to diversify away from oil dependency.
Businesses and individuals are advised to monitor rates closely through trusted platforms like AbokiFX for real-time updates.
As the federal government intensifies efforts to stabilize the currency, market watchers anticipate further interventions to curb depreciation.
Rates are indicative and subject to change based on real-time trading. For official transactions, consult authorized dealers.
