The Naira continues to face pressure on the black market as demand for foreign currencies remains high across Lagos, Abuja, Port Harcourt, and Kano. Here’s the latest update on today’s Aboki Forex rates:

Dollar (USD → NGN)

  • Buy: ₦1,540

  • Sell: ₦1,552 ↑ 0.06%

  • Official CBN Rate: ₦1,535

Pound (GBP → NGN)

  • Buy: ₦2,085

  • Sell: ₦2,130 → 0%

  • Official CBN Rate: ₦2,067

Euro (EUR → NGN)

  • Buy: ₦1,765

  • Sell: ₦1,800 → 0%

  • Official CBN Rate: ₦1,789.4

Canadian Dollar (CAD → NGN)

  • Buy: ₦1,115

  • Sell: ₦1,127 → 0%

  • Official CBN Rate: ₦1,105

Other black market rates today:

  • South African Rand (ZAR): Buy ₦86.5 | Sell ₦86.56

  • Australian Dollar (AUD): Buy ₦900 | Sell ₦1,000

  • UAE Dirham (AED): Buy ₦400 | Sell ₦420

  • Chinese Yuan (CNY): Buy ₦205 | Sell ₦220

  • Ghanaian Cedi (GHS): Buy ₦100 | Sell ₦115

  • West African CFA (XOF): Buy ₦2,600 | Sell ₦2,750

  • Central African CFA (XAF): Buy ₦2,410 | Sell ₦2,482

Why Black Market Rates Are Higher

The official rates set by the Central Bank of Nigeria (CBN) often lag behind black market prices due to high demand for dollars, limited supply, and strict currency controls. Businesses, travelers, and importers continue to rely on parallel markets to meet their currency needs.

Tips for Safe Currency Exchange

  • Always deal with licensed Bureau De Change operators.

  • Check online rates before visiting dealers.

  • Avoid peak periods when rates are highest.

Stay updated daily, as black market rates vary by city and dealer.