Aboki Dollar to Naira Exchange Rate Today April 8, 2025 – Black Market Rates Update
Are you searching for Aboki Dollar to Naira exchange rate today, April 8, 2025? We’ve got you covered with the most recent black market rates, including the latest parallel market prices for the dollar, pound, and euro against the Nigerian naira.
In Nigeria, the Aboki FX rate (also referred to as the Bureau De Change or black market rate) has become the go-to source for many businesses and individuals seeking to trade foreign currency due to the unavailability or restrictions on official channels.
Let’s get into today’s detailed exchange rate figures.
Black Market (Aboki) Dollar to Naira Exchange Rate Today – April 8, 2025
As of today, currency dealers in Abuja Zone 4, Lagos, and Kano black markets are buying and selling dollars at the following rates:
Buying Rate: ₦1565
Selling Rate: ₦1580
These rates reflect the ongoing volatility in the foreign exchange market and may vary slightly depending on your location.
USD to NGN Black Market Trend – Past 7 Days
Here’s how the Aboki Dollar to Naira rate has moved over the last week:
| Date | Buying Rate (₦) |
|---|---|
| April 08, 2025 | 1565 |
| April 07, 2025 | 1565 |
| April 06, 2025 | 1565 |
| April 05, 2025 | 1565 |
| April 04, 2025 | 1550 |
| April 03, 2025 | 1542 |
| April 02, 2025 | 1540 |
As the data shows, the rate has remained stable for a few days after seeing minor increases earlier in the month.
Pounds and Euro Exchange Rates Today
While the USD remains the most traded currency in Nigeria, many also monitor other major currencies. Below are today’s black market rates for pounds and euros:
Pounds to Naira Rate (GBP/NGN)
Buying Rate: ₦2000
Selling Rate: ₦2030
Euro to Naira Rate (EUR/NGN)
Buying Rate: ₦1655
Selling Rate: ₦1685
Aboki Dollar to Naira Rate Conversion Table (1 – 100 USD)
| USD | Naira Equivalent | USD | Naira Equivalent | USD | Naira Equivalent |
|---|---|---|---|---|---|
| 1 | ₦1565 | 36 | ₦56340 | 71 | ₦111115 |
| 5 | ₦7825 | 40 | ₦62600 | 75 | ₦117375 |
| 10 | ₦15650 | 50 | ₦79815 | 80 | ₦125200 |
| 20 | ₦31300 | 60 | ₦95465 | 90 | ₦140850 |
| 30 | ₦46950 | 70 | ₦109550 | 100 | ₦156500 |
If you’re planning on converting large sums of USD to Naira, use this chart as a quick reference to guide your transactions.
Why Is the Aboki Dollar to Naira Rate Important?
The black market dollar to naira rate plays a huge role in the Nigerian economy. With limitations placed on access to dollars via official means (like banks or the CBN), many Nigerians rely on the parallel market to:
Import goods
Fund international education
Pay for medical services abroad
Trade or invest
Because of this, changes in the black market rate affect everything from the price of fuel to the cost of electronics, food, rent, and more.
What’s Driving the Exchange Rate?
Some of the key factors influencing the Aboki exchange rate include:
High demand for dollars in trade and travel
Limited supply in official reserves
Speculative trading
Inflation and macroeconomic instability
Government policy changes
Until more structural reforms are put in place to support the Naira and increase dollar supply, rates in the black market will likely remain high and unpredictable.
Summary
The Aboki Dollar to Naira rate today, April 8, 2025, stands at ₦1565 for buying and ₦1580 for selling. While it’s remained relatively stable in recent days, the economic reality shows no signs of strong recovery just yet.
If you’re trading or holding foreign currencies, always keep an eye on updates like this for informed decision-making. We’ll continue to bring you verified daily rates across major currencies in Nigeria.
