Skip to main content

Naira Black Market Exchange Rate Today — October 03, 2025 | Full Review From Abokifx.App

Image
By CredReviews

Abokifx Naira Black Market Exchange Rate Today — October 03, 2025 (Full Review)


The Nigerian Naira remains a focal point for consumers, importers, and remittance recipients. This review summarizes the black market (parallel market) exchange rates on **October 3, 2025** as reported by AbokiForex, compares them to official CBN rates, and provides practical insight into what the figures mean for everyday financial decisions.

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

  1. 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.
  2. Pound shows higher pressure: GBP’s large gap vs CBN suggests stronger demand or tighter supply in the parallel market.
  3. Regional currency noise: CFA and ZAR show proportionally wider spreads—likely influenced by cross-border trade flows and availability.
  4. 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.

For more updates on Naira Black Market Exchange Rate, Kindly follow our Telegram Channel Below 

Labels:

Comments

Post a Comment

People are talking about

Opay vs Kuda 2025: Which Is the Best Digital Bank in Nigeria?

By CredReviews
Opay vs Kuda: Which Is the Best Digital Bank in Nigeria 2025? The Nigerian fintech industry is booming, and two of the leading apps are Opay and Kuda Bank . But which one is the best in 2025? Let’s compare their features, pros, and cons to help you decide.  Reference Reviews for More Insight Opay Review 2025 — Is Opay Safe and Reliable? Kuda Bank Honest Review 2025 — Is Kuda Legit? What Is Opay? Opay is a financial super-app in Nigeria offering transfers, bill payments, airtime purchases, debit cards, and loans. Its large agent network allows users to deposit and withdraw cash even without access to traditional banks, making it one of the most widely used fintech platforms in Nigeria.   What Is Kuda Bank? Kuda Bank is Nigeria’s first full digital bank, offering free transfers, savings features, debit cards, and transparent banking services. It operates entirely on...
1 comment
Read more

Bybit.com Honest Review 2025: A Comprehensive Look at Security, Features, and Trading Experience

By CredReviews
Bybit .com , one of the leading global crypto exchanges, continues to evolve and strengthen its position in 2025. Headquartered in the UAE and formerly based in Singapore, Bybit has grown into a formidable player in the world of cryptocurrency and derivatives trading. As the platform expands its offerings and maintains a strong focus on security, user experience, and innovative features, it remains a top choice for both novice and professional traders alike. Security at the Forefront Bybit’s commitment to user safety has always been one of its strongest selling points. The exchange employs cutting-edge security measures to safeguard assets, including the use of cold and hot wallets. The majority of funds are stored offline in cold wallets, significantly reducing the risk of major hacks. In addition, Bybit has introduced "Wallet-as-a-Service," utilizing Multi-Party Computation (MPC) technology to enhance the security of user funds. MPC is a vault-like system where multiple key...
Post a Comment
Read more

Naira Black Market Exchange Rate Today 15 October 2025

By CredReviews
The Naira Black Market Exchange Rate as Today 15 October 2025 is Buying 1485 DOLLAR and selling for 1500 Naira. This is an updated article on the Recent Naira Black Market Exchange Rate For Today being 15th of October 2025 Looking for today’s Naira black market exchange rate update? You’ve come to the right place. This detailed guide provides the most recent exchange rates of the Nigerian Naira against major global currencies such as the US Dollar (USD), British Pound (GBP), Euro (EUR), Canadian Dollar (CAD), and others. We also explore what drives the daily changes, how the black market affects Nigeria’s economy, and practical ways to navigate the foreign exchange market. Current Black Market Exchange Rates (15 October 2025) The black market, also called the parallel market or Aboki FX , remains the most referenced source for individuals and small businesses who need foreign currency quickly. Below are today’s indicative rates from reliable Lagos and Abuja dealers. ...
3 comments
Read more

Pi Network : An Honest Review

By CredReviews
Pi Network , launched in 2019 by a team of Stanford University graduates, aims to democratize cryptocurrency mining by enabling users to mine Pi coins directly from their smartphones with minimal energy consumption. This approach contrasts with traditional cryptocurrencies like Bitcoin, which require significant computational power and energy. Pi Network: An Honest Review Pi Network is a mobile-based cryptocurrency project that promises users the ability to mine cryptocurrency (Pi coins) on their smartphones without draining battery or consuming excessive resources. Its goal is to make cryptocurrency more accessible to everyday people, but its actual value and legitimacy remain debated. Here's an honest review of the project: 1. Concept and Vision Pi Network is founded on the vision of making cryptocurrency mining more inclusive. Traditional mining requires high computational power and energy consumption, limiting it to those with specialized equipment and resources. Pi Network...
Post a Comment
Read more

Get Up To 200k Naira Loan With Renmoney App Review 2025 — How to Download

By CredReviews
On this page you will be guided on how to get upto 200k Naira Loan using Renmoney Loan App Renmoney is a regulated microfinance bank in Nigeria offering digital loans, savings tools, and payment services through its mobile app. This review covers the app's main features, interest and fee structure, user ratings, pros & cons, step-by-step usage and the direct download link. Download Renmoney (Android) What is the Renmoney App? The Renmoney mobile app, built by Renmoney MFB Limited, brings microfinance services to mobile users across Nigeria. Through the app you can: Apply for personal loans quickly and get funds disbursed to your bank account. Open savings accounts and fixed deposits to earn interest. Pay bills, buy airtime, and execute transfers. Official Play Store: https://play.google.com/store/apps/details?id=com.renmoney.android Key Feature...
2 comments
Read more

Moniepoint Personal Banking Honest Review — Features, Pros & Cons (2025)

By CredReviews
Moniepoint Personal Banking Review: Your All-in-One Mobile Finance App Updated: September 29, 2025 • Author: CredReviews • Source: Google Play Store Quick summary Verdict: Moniepoint Personal Banking is a robust, user-friendly app that combines traditional banking and modern fintech features — instant transfers, savings plans, airtime & bill payments, a requestable debit card, plus offline USSD access for users with limited internet. High user ratings and regulatory backing make it a strong option for Nigerian users. View on Google Play What is Moniepoint Personal Banking? Moniepoint Personal Banking is an Android app that lets users manage personal banking from their phones — send and receive money, save, pay bills, buy airtime/data, and request a debit card. It also has an offline USSD alternative for core functions using *5573# . The app is developed by TeamApt Nigeria Limited and linked to Mon...
Post a Comment
Read more

Adsterra and Monitag (PropellerAds) Direct Link – Which is the Best to Use in 2025

By CredReviews
Adsterra and PropellerAds Direct Link – Honest Review & Comparison This review is based on a real-world test using similar content and traffic sources to compare direct-link monetization on both networks. On this page Quick Overview My Experience with Adsterra My Experience with PropellerAds Side-by-Side Comparison Pros & Cons Optimization Tips Final Verdict FAQs Quick Overview When it comes to monetizing traffic with direct links , two names dominate conversations: Adsterra and PropellerAds . We ran a straightforward test—publishing comparable posts and attaching each network’s direct link—to see which one pays better. Key finding: In our test, Adsterra’s direct link outperformed PropellerAds with noticeably higher CPMs and more consistent revenue from Tier 1 countries. My Experience with Adsterra D...
Post a Comment
Read more