Dollar to Naira Black Market Exchange Rate Today, 11th August 2025

The latest update on the Dollar to Naira exchange rate in the black market, also known as the Aboki FX rate, as of August 11, 2025, is provided by NewsOnline Nigeria. The article highlights the verified parallel market rate and the official CBN dollar rate.

According to Bureau De Change (BDC) sources, the black market rate for the dollar opened at a certain buying rate and selling rate per 1 Naira. It emphasizes that the rates are subject to change throughout the day due to high volatility in the forex market.

The Central Bank of Nigeria (CBN) warns against engaging in black market forex trading and encourages transactions to be conducted through authorized financial institutions. Factors such as foreign exchange scarcity, market speculation, political and economic conditions in Nigeria, and global oil price trends can cause fluctuations in the black market rate.

The article serves as an informational guide for individuals looking to exchange currency, advising them to deal with reputable BDC operators, confirm rates before exchanging,.