Abokifx Naira Black Market Exchange Rate Today — October 03, 2025 (Full Review)
Naira Black Market Rates — Snapshot (Oct 03, 2025)
| Currency | Buy Rate (₦) | Sell Rate (₦) |
|---|---|---|
| US Dollar (USD) | ₦1,460 | ₦1,480 |
| British Pound (GBP) | ₦2,020 | ₦2,040 |
| Euro (EUR) | ₦1,725 | ₦1,750 |
| Canadian Dollar (CAD) | ₦1,170 | ₦1,200 |
| South African Rand (ZAR) | ₦85 | ₦100 |
| UAE Dirham (AED) | ₦400 | ₦420 |
| Chinese Yuan (CNY) | ₦200 | ₦220 |
| Ghanaian Cedi (GHS) | ₦110 | ₦125 |
| CFA (XOF) | ₦2,600 | ₦2,700 |
| CFA (XAF) | ₦2,420 | ₦2,500 |
| Australian Dollar (AUD) | ₦950 | ₦1,000 |
Note: These figures are AbokiForex averages for the parallel market and may vary by location and vendor.
How This Compares to Official CBN Rates
For context, the Central Bank of Nigeria (CBN) posted these approximate official rates on October 3, 2025:
- USD → ₦1,455.24
- GBP → ₦1,956.42
- EUR → ₦1,706.99
The black market prices show premiums above CBN rates — notably for GBP and EUR — while the USD premium is modest in absolute terms (roughly ₦25/US$ at the snapshot time).
Analysis & Key Observations
- Dollar premium remains—but moderate: Demand for USD keeps it at a small premium to the official rate; the narrow buy/sell spread suggests relative intraday stability.
- Pound shows higher pressure: GBP’s large gap vs CBN suggests stronger demand or tighter supply in the parallel market.
- Regional currency noise: CFA and ZAR show proportionally wider spreads—likely influenced by cross-border trade flows and availability.
- Local variance: Black market rates are fragmented—Lagos, Abuja, Port Harcourt and border towns often report slightly different prices.
What This Means For You
Importers & businesses: Expect elevated costs for goods priced in GBP/EUR and some pressure on margins. Hedging and forward planning remain critical.
Remittance recipients: The parallel market can provide higher local value for incoming foreign currency, but beware of fees and counterparty risk.
Everyday consumers: Prices of imported goods and services may stay high; monitor rates if you plan to buy foreign currency or receive transfers.
Final Verdict
On October 3, 2025, AbokiForex’s black market snapshot shows the Naira under continued pressure but with a relatively modest USD premium compared to official rates. GBP and EUR display larger premiums, indicating uneven currency demand and supply dynamics across different currency corridors. Treat AbokiForex as a reliable benchmark, but expect local differences, negotiation spreads, and occasional intraday swings.
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