About Aboki Forex
Nigeria's live foreign exchange rate tracker
Aboki Forex (abokiforex.app) is Nigeria's leading platform for live foreign exchange rate information. Millions of Nigerians — at home and in the diaspora — use Aboki Forex every day to check the dollar to naira rate, compare black market and official CBN rates, and track major world currencies against the naira.
What Services Does Aboki Forex Offer?
Aboki Forex is a free exchange rate information service. It publishes:
| Service | Description | Update Frequency |
|---|---|---|
| Black Market Rates | Parallel market (street) rates for all major currencies vs naira — the rate most Nigerians actually transact at | Every hour |
| CBN Official Rates | Central Bank of Nigeria's NAFEM official rates — the regulated bank rate | Daily |
| Commercial Bank Rates | Buying and selling rates at major Nigerian commercial banks | Daily |
| Crypto Rates | USDT, Bitcoin (BTC), and Ethereum (ETH) to naira | Frequently |
| Currency Converter | Convert any amount between currencies using live black market or official rates | Real-time |
| World Currency Rates | 170+ world currencies against the naira and each other | Daily |
| Forex News | Nigerian and international currency news, CBN policy updates | As published |
| NGX Stocks | Nigerian Exchange (NGX) stock signals, company fundamentals, and regulatory disclosures | Daily |
| Forex Guides | How-to guides on sending money to Nigeria, receiving payments, domiciliary accounts, and more | Regularly updated |
Is Aboki Forex Reliable?
Aboki Forex has been publishing Nigerian exchange rate data since 2015 and is one of the most widely cited sources for black market rates in Nigeria. Here is how the data is sourced:
- Black market rates: Collected from multiple parallel market dealers across major Nigerian cities — Lagos (Broad Street, Allen Avenue), Abuja (Wuse Zone 4), Kano, and Port Harcourt — and averaged to provide a representative benchmark. Because the parallel market is unregulated and rates vary by location and dealer, the Aboki Forex rate is the best available average — not a guaranteed transactable rate.
- CBN official rates: Sourced directly from the Central Bank of Nigeria's daily publications. These reflect the NAFEM (Nigeria Autonomous Foreign Exchange Market) window rate.
- Commercial bank rates: Collected from the published forex buying and selling rates of major Nigerian commercial banks.
- Crypto rates: Market data for USDT, Bitcoin, and Ethereum against naira.
Always confirm the exact rate with your dealer or bank before completing any transaction. Aboki Forex rates are a benchmark — actual rates at any given dealer may vary slightly.
Does Aboki Forex Trade or Exchange Currency?
No. Aboki Forex does not buy, sell, exchange, or transfer any currency.
It is a free information platform only. To exchange currency, use a licensed
Bureau de Change (BDC), your commercial bank, or a trusted service like Wise, Sendwave, or Remitly.
Use Aboki Forex rates as your benchmark to ensure you get a fair deal.
Who Uses Aboki Forex?
- Nigerian families receiving money from diaspora relatives — to know the fair naira rate before converting
- Nigerian diaspora sending money home — to compare remittance services against the black market benchmark
- Businesses importing goods — to plan naira costs against dollar invoices
- Travellers buying foreign currency — to know whether a BDC or bank is offering a fair rate
- Investors and savers tracking naira devaluation and deciding when to convert
- Journalists and analysts citing the latest parallel market rate
- Freelancers who earn in foreign currency and need to time naira conversion
Mobile App
The Aboki Forex app is available free on Android and iPhone — no account or signup required.
Currencies Covered
Aboki Forex covers all major currencies against the Nigerian Naira:
Guides and Education
Beyond live rates, Aboki Forex publishes practical guides to help Nigerians navigate foreign exchange:
- All Nigeria Forex Guides
- How to Send Money to Nigeria
- How to Receive Money from Abroad in Nigeria
- How to Buy Dollars in Nigeria
- What is the Black Market Rate?
- Naira Dollar Rate History
Contact
Editorial inquiries and advertising: [email protected]
Contact page →
Does Aboki Forex Trade (Exchange) Currencies?
No, we do not trade any currency pair. Aboki Forex is purely an information platform that provides real-time black market and official CBN exchange rates. To exchange currency, contact a licensed Bureau de Change (BDC), your bank, or a trusted local forex dealer.
Is AbokiFx the same as Aboki Forex?
No, Aboki Forex (abokiforex.app) and AbokiFx are two separate and unaffiliated platforms. We are not connected to AbokiFx in any way. Aboki Forex provides live black market and CBN exchange rates for all major currencies versus the Nigerian Naira.
How can I Exchange Currency in Nigeria?
To exchange foreign currency in Nigeria, you have several options: (1) Visit a licensed Bureau de Change (BDC) — these are regulated by the CBN and found in major cities. (2) Use your commercial bank — they offer official CBN rates for account holders. (3) Use a trusted local forex market dealer — these operate in parallel/black market and typically offer higher rates than banks. Always verify the current rate on Aboki Forex before exchanging to ensure you get a fair deal.
Are the Black Market Rates accurate in all Markets?
Aboki Forex provides average black market rates collected from multiple dealers across major Nigerian cities including Lagos, Abuja, Kano, and Port Harcourt. Because the parallel market is unregulated, actual rates vary by location, dealer, and transaction size. The rates on Aboki Forex are a reliable benchmark, but always confirm the exact rate with your dealer before completing any transaction.
What is the difference between CBN, I&E and Black Market Rates?
The CBN (Central Bank of Nigeria) rate is the official government exchange rate used by commercial banks and regulated financial institutions. The I&E (Investors and Exporters) window was a market-based rate that has now been merged with the official CBN rate following Nigeria's forex unification policy. The Black Market rate (also called the parallel market or street rate) is typically higher than the official rate and reflects actual supply and demand dynamics for foreign currency in Nigeria outside the regulated banking system.
How often are the exchange rates updated on Aboki Forex?
Black market exchange rates on Aboki Forex are updated every hour throughout the trading day. The rates reflect real-time data collected from parallel market dealers across Nigeria. CBN official rates are updated daily, typically after the Central Bank of Nigeria publishes its official rates each business day.
Why is the black market dollar to naira rate higher than the official CBN rate?
The black market dollar to naira rate is higher than the official CBN rate because of the gap between foreign currency supply and demand in Nigeria. The Central Bank of Nigeria controls access to dollars at the official rate, limiting who can buy forex through official channels. Businesses and individuals who cannot access dollars through banks must turn to the parallel market, where higher demand relative to supply drives up the exchange rate.