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

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly known as the “Aboki” rate, has shown slight fluctuations today, reflecting the ongoing volatility in Nigeria’s parallel foreign exchange market.

According to sources from Bureau De Change (BDC) operators in major cities such as Lagos, Abuja, Kano, and Port Harcourt, the average buying rate for the US Dollar on Sunday, September 7, 2025, stands at approximately ₦1,518, while the selling rate is around ₦1,510.

This marks a marginal shift from yesterday, September 6, 2025, when BDC operators reported a selling rate of ₦1,540 and a buying rate of ₦1,527 in key trading hubs.

The slight appreciation in the Naira’s value today is attributed to a reported increase in foreign exchange inflows, bolstered by recent Central Bank of Nigeria (CBN) interventions aimed at stabilizing the currency. However, traders in Wuse Zone 4, Abuja, noted that rates can vary slightly, with some deals closing as low as ₦1,515 for bulk transactions, driven by steady demand from importers and travelers.

The black market, often referred to as the “Aboki” market, remains a critical component of Nigeria’s foreign exchange ecosystem due to limited access to dollars through official channels. The CBN continues to distance itself from the parallel market, emphasizing that it does not recognize these rates and urging individuals to conduct forex transactions through licensed banks. Despite this, the high demand for dollars for importation, international payments, and travel continues to drive activity in the unregulated market.

Economic analysts point to Nigeria’s heavy reliance on imports and fluctuating foreign reserves as key factors sustaining pressure on the Naira. The International Monetary Fund (IMF) has projected a 3.2% GDP growth for Nigeria in 2025 but flagged currency volatility as a significant risk.

Experts recommend that individuals engaging in currency exchange deal only with licensed BDC operators and verify rates on trusted platforms to avoid scams.

Note: Black market exchange rates are unofficial and unregulated. The CBN advises using authorized dealers to ensure safe transactions.