Aboki Naira to Dollar Black Market Exchange Rate Today, 7th October 2025
The Nigerian Naira traded marginally weaker against the US Dollar in the parallel market today, with Aboki operators quoting the greenback at an average selling rate of ₦1,470 per USD, up slightly from yesterday’s close.
Buying rates hovered around ₦1,455, reflecting cautious sentiment among Bureau De Change (BDC) operators in major cities like Lagos, Abuja, Port Harcourt, and Kano.
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According to real-time updates from trusted parallel market trackers, the rate shows minimal fluctuation from the previous trading day, where the Dollar sold for ₦1,470 and was bought at ₦1,455.
This stability comes despite ongoing concerns over Nigeria’s foreign exchange reserves, which dipped below $35 billion last month, and persistent inflationary pressures that have eroded purchasing power for millions of households.
| Currency Pair | Black Market Buy Rate (₦) | Black Market Sell Rate (₦) | Official CBN Rate (for reference) |
|---|---|---|---|
| USD/NGN | 1,455 | 1,470 | ~1,620 |
| EUR/NGN | 1,660 | 1,720 | ~1,750 |
| GBP/NGN | 1,930 | 2,000 | ~2,100 |
Rates sourced from Aboki Forex and BDC operators as of 7th October 2025. Official rates from the Central Bank of Nigeria (CBN). Market analysts attribute the Naira’s resilience to recent interventions by the CBN, including tighter liquidity controls and efforts to unify exchange windows. However, parallel market participants warn that demand for Dollars remains high ahead of the holiday season, driven by importers and remittances.
“Traders are holding firm, but any spike in oil prices could ease pressure,” said one anonymous BDC operator in Wuse Market, Abuja.
Looking ahead, economists predict the Naira could test ₦1,500 if global crude prices falter, given Nigeria’s oil-dependent economy. Investors are watching the upcoming IMF review for clues on potential support packages. For now, the black market’s calm belies deeper structural challenges, underscoring the delicate balance in Africa’s largest economy.
This report is based on aggregated data from Aboki Forex platforms and BDC sources. Exchange rates are indicative and may vary by location and transaction volume.
