Aboki Naira to Dollar Black Market Exchange Rate Today, 9th November 2025

The Nigerian Naira demonstrated remarkable stability in the parallel forex market on Sunday, trading at approximately ₦1,470 per US Dollar, according to Aboki traders across major cities, including Lagos, Abuja, and Kano.

This marks a slight appreciation from Friday’s rates, signalling a potential pause in the currency’s recent downward pressure amid subdued importer demand and steady oil remittances.

Bureau de Change operators, commonly known as Aboki in Nigeria’s informal forex corridors, reported a selling rate of ₦1,470 and a buying rate hovering around ₦1,450 per dollar.

The consistency in pricing reflects a weekend lull in trading activity, with no major interventions from the Central Bank of Nigeria (CBN) announced as of press time. For comparison, the official Investor and Exporter (I&E) window rate stood at about ₦1,450 on Friday, maintaining the typical premium in the black market that savvy cross-border traders continue to exploit.

Market analysts attribute the Naira’s resilience to a combination of factors: reduced dollar appetite from importers facing high global commodity prices and a modest uptick in diaspora inflows via platforms like Western Union and MoneyGram.

“This plateau is a band-aid for now, but without bolder reforms on forex unification and oil revenue diversification, we could see a slide toward ₦1,500 by month’s end,” warned an economist from Nairametrics in a weekend briefing.

The exchange rate dynamics come at a critical juncture for everyday Nigerians, where the black market—despite its unregulated nature—serves as the primary avenue for remittances, travel forex, and small-scale imports.

A stable Aboki rate offers brief relief for households grappling with inflation-eroded purchasing power, particularly for dollar-pegged essentials like electronics, pharmaceuticals, and foodstuffs. However, businesses in import-heavy sectors, such as textiles and tech, remain cautious, with many turning to digital tools like the AbokiFX app for real-time hedging.

Looking ahead, Monday’s market reopening will be closely watched, especially with anticipated CBN forex auctions and updates on global crude prices. Oil, Nigeria’s economic lifeline, traded at $72 per barrel on Friday, providing a buffer against further Naira depreciation.

Forex watchers predict mild fluctuations, but persistent gaps between official and parallel rates could fuel arbitrage and informal capital flight if unaddressed.

For live conversions and alerts, traders recommend monitoring trusted platforms like AbokiFX and TheCityCeleb. As Nigeria navigates its economic tightrope, today’s rates underscore a fragile equilibrium: stability today, but uncertainty looms on the horizon.

Rates are indicative and subject to real-time changes. For personalized transactions, consult licensed BDCs.