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

The parallel market exchange rate for the US Dollar against the Nigerian Naira remained relatively stable today, with Aboki traders and Bureau de Change (BDC) operators quoting a selling rate of approximately ₦1,540 per dollar in major cities including Lagos, Abuja, and Kano.

Buying rates hovered around ₦1,527, reflecting a narrow spread that allows dealers to maintain profitability while navigating the unregulated nature of the black market.

This marks a continuation of the slight fluctuations observed in recent days, as the Naira continues to grapple with persistent demand for foreign currency amid Nigeria’s import-dependent economy and limited official forex supplies. On Friday, September 5, similar rates were reported, with selling at ₦1,538 and buying at ₦1,530 in Lagos and Abuja, showing minimal change over the weekend.

Traders in Wuse Zone 4, Abuja’s bustling forex hub, noted that while some deals closed as low as ₦1,520 for bulk purchases, the average held firm due to steady demand from importers and travelers.

The Central Bank of Nigeria (CBN) maintains its stance against the parallel market, reiterating that it does not endorse black market transactions and advising citizens to use authorized banking channels for forex needs. Official rates, derived from the Investors and Exporters (I&E) window, stood closer to ₦1,500 per dollar as of late Friday, highlighting the persistent premium in the unofficial sector.

However, with foreign exchange reserves under pressure from fluctuating oil prices and reduced diaspora inflows, many Nigerians continue to rely on Aboki networks for quick access to dollars. Economic analysts attribute the stability to recent CBN interventions aimed at boosting dollar liquidity, including a reported 26% year-on-year rise in FX inflows.

Yet, experts warn that without deeper reforms—such as diversifying away from oil dependency and easing import restrictions—the Naira could face renewed depreciation. The International Monetary Fund (IMF) has forecasted 3.2% GDP growth for Nigeria in 2025 but flagged currency volatility as a key risk factor.

For those engaging in exchanges, financial watchdogs urge caution: Verify rates via trusted platforms beforehand, deal only with licensed BDCs, and avoid roadside transactions to mitigate scam risks.

As the weekend wraps up, market participants anticipate potential shifts early next week, influenced by global oil trends and domestic policy announcements.

Stay tuned for updates as the parallel market evolves.

Note: Black market rates are unofficial and subject to rapid change; always consult multiple sources for the latest figures.