Aboki Naira to Dollar Black Market Rate Today, 13th June 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) in Nigeria’s major cities, including Lagos and Abuja, remains a focal point for many Nigerians amid ongoing economic fluctuations.

As of today, Friday, June 13, 2025, the Dollar to Naira black market rate, commonly referred to as the “Aboki rate,” is reported at an average of ₦1610 for buying and ₦1620 for selling per $1, according to updates from Bureau De Change (BDC) operators and street traders.

On June 6, rates were slightly lower at ₦1605 (buy) and ₦1615 (sell), suggesting a marginal uptick over the past week. This stability comes amidst reports of improved forex inflows, with Nigeria recording a 62% rise in forex inflow to $5.96 billion in May 2025, according to local news sources.

The black market, also known as the parallel market, continues to thrive due to persistent dollar scarcity in the official market and high demand for foreign currency for imports, travel, and international payments. Unlike the Central Bank of Nigeria (CBN) rates, which are aligned with the Investors and Exporters (I&E) window and reported at approximately ₦1610 for $1 on May 20, 2025, black market rates are driven by real-time supply and demand dynamics, often resulting in a premium.

Currency traders in Lagos’s Zone 4 market and Abuja’s Wuse Zone 4 have noted slight variations in rates depending on location and transaction volume. “The rates fluctuate daily, sometimes hourly, based on how many dollars are available and the demand,” said a BDC operator in Lagos. “It’s always wise to check with multiple traders before exchanging.”

Analysts attribute the Naira’s performance to a combination of factors, including Nigeria’s reliance on oil exports, recent economic reforms, and efforts to stabilize the forex market. Despite positive ratings on forex stability, the gap between official and black market rates persists, reflecting ongoing challenges in accessing dollars through formal channels.

For those engaging in black market transactions, caution is advised due to the risks of scams, counterfeit currency, and potential legal implications, as the parallel market operates outside the Central Bank of Nigeria‘s (CBN) regulations. Nigerians are encouraged to compare rates from trusted sources, such as street traders, online platforms, or social media updates, for real-time information.

As the Naira continues its complex dance with the Dollar, many Nigerians remain hopeful for policies that will further stabilize the currency and reduce reliance on the black market.