Aboki Naira to Dollar Black Market Exchange Rate Today, 7th December 2025

As Nigerians gear up for the festive season, the parallel market (commonly known as the black market or “Aboki” rate) for the US Dollar (USD) against the Nigerian Naira (NGN) showed a slight upward movement on Sunday, 7th December 2025.

Bureau De Change (BDC) operators and street traders in major cities, including Lagos, Abuja, Port Harcourt, and Kano, reported the following rates:

• Buying rate: ₦1,480 per USD (traders buying dollars from customers)
• Selling rate: ₦1,495 per USD (traders selling dollars to customers)

This represents a modest increase from rates observed earlier in the week, where selling prices hovered around ₦1,475–₦1,490 in some reports from December 6.

The persistent premium in the parallel market over the official rate highlights ongoing demand for dollars amid seasonal spending, remittances, and limited forex supply. For comparison, the Central Bank of Nigeria’s official rates in the Nigerian Foreign Exchange Market (NFEM) remain significantly lower, typically around ₦1,450 per USD in recent sessions.

Analysts attribute the black market’s firmness to heightened year-end dollar demand, despite improved reserves and CBN interventions. Traders advise caution, as rates can fluctuate hourly based on location and supply.

Other major currencies in the parallel market (as of 7th December 2025):

• British Pound (GBP): Buying ₦1,900 | Selling ₦1,950
• Euro (EUR): Rates varied, with similar premiums noted.

For the most accurate real-time quotes, consult local BDC operators or reliable platforms.

Note that the CBN does not recognize parallel market transactions and encourages use of official channels for forex needs. Rates are subject to change without notice.