Live GBP/NGN parallel market rate (aboki rate) + CBN official rate · Updated every 15 minutes
The parallel rate (also called the "aboki rate" or black market rate) is the unofficial exchange rate at which dollars are traded outside the official banking system in Nigeria. It is typically higher than the CBN official rate due to dollar scarcity and demand from businesses and individuals who cannot access official channels.
The aboki rate is shown above and updated every 15 minutes from multiple sources including P2P markets and FX tracking services. You can also get the live aboki rate anytime on Telegram via @FXbob_bot.
The Central Bank of Nigeria (CBN) sets an official exchange rate used by banks and official transactions. This is typically lower than the parallel/aboki rate. Both rates are shown above.
Services like Wise and Remitly often offer rates close to or better than the CBN official rate, with low transparent fees. Check the rate above first, then compare with remittance services before sending.