Aboki Naira to Dollar Black Market Exchange Rate Today, 1st November 2025

The Nigerian Naira showed resilience in the parallel exchange market on Saturday, with Aboki traders – the informal currency dealers popular in Lagos and Abuja – quoting the US Dollar at a selling rate of ₦1,500 and a buying rate of ₦1,480.

This marks a marginal tightening from Friday’s levels, where the Dollar closed at ₦1,495 for sellers and ₦1,480 for buyers, according to real-time data from parallel market sources.

The black market, often a barometer for Nigeria’s forex liquidity pressures, has stabilized around the ₦1,480–₦1,500 band in recent weeks, a far cry from the volatile spikes that pushed the rate beyond ₦1,600 earlier this year. Economists credit the Central Bank of Nigeria’s (CBN) aggressive interventions, including forex auctions and tighter controls on Bureau de Change operators, for curbing speculative demand.

“The Naira’s plateau reflects subdued dollar appetite from importers and a cautious rebound in oil exports, but we’re not out of the woods yet,” noted a Nairametrics analyst in a recent commentary.

For context, the official Investor and Exporter (I&E) window rate hovered at ₦1,450 per Dollar on Friday, highlighting the persistent premium in the unregulated Aboki segment—a gap that underscores ongoing arbitrage opportunities for cross-border traders.

Parallel market activity in major cities like Abuja, Kano, and Port Harcourt mirrored Lagos rates, with minor variations of up to ₦10 based on transaction volumes. This stability comes as global headwinds loom: The US Federal Reserve’s recent decision to pause rate cuts has bolstered the Dollar’s strength, while Brent crude prices dipped below $75 per barrel amid OPEC+ supply concerns.

Local businesses, from tech startups to textile importers, continue to navigate these dynamics, with many hedging through digital platforms like AbokiFX for real-time conversions.

arket watchers anticipate the Naira could test ₦1,520 by mid-November if commodity inflows falter, but for now, the Aboki rate offers a sliver of relief for remittances and everyday forex needs.

Traders advise caution, urging deals with verified operators to avoid scams in the informal sector.

Rates are averages from Lagos and Abuja parallel markets and are subject to intraday fluctuations.