Naira Stays Resilient at ₦1,535/$1 in Black Market on September 17, 2025
The Nigerian Naira showed resilience in the parallel market today, with the black market exchange rate for the US Dollar stabilizing at an average selling rate of ₦1,535 per $1, according to updates from Aboki Forex traders across major cities including Lagos, Abuja, Port Harcourt, and Kano.
This marks a marginal uptick from yesterday’s rates, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. Bureau de Change (BDC) operators, commonly referred to as “Aboki” in local parlance, reported buying dollars at around ₦1,520 and selling at ₦1,535, a slight increase from the previous day’s figures of ₦1,518 to ₦1,522.
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The consistency in these rates comes despite persistent pressures from inflation, reduced foreign inflows, and global oil price fluctuations, which continue to weigh on the Naira.
In contrast, the official Central Bank of Nigeria (CBN) rate remains notably lower, hovering around ₦1,504 per $1 as of late yesterday, highlighting the persistent premium in the informal sector.
Economists attribute the black market’s stability to seasonal remittances and cautious interventions by the CBN, though experts warn that without structural reforms, the Naira could face further depreciation in the coming months.
One post from a verified financial watcher noted, “Black Market Dollar to Naira at ₦1,535 today – holding firm but watch for weekend volatility.” Another user highlighted the gap: “Aboki rates steady at 1535 sell, but official still lagging.
Time for more FX liquidity?”For businesses and individuals relying on dollar conversions, today’s rates mean that exchanging $1,000 would fetch approximately ₦1,535,000 in the parallel market – a critical consideration for importers, travelers, and diaspora remittances.
As Nigeria navigates its economic recovery post-reforms, all eyes remain on upcoming CBN announcements for potential rate interventions.
Stay tuned for updates as the market evolves. For live conversions, platforms like AbokiFX provide instant tools to track these shifts.
