Aboki Naira to Dollar Black Market Exchange Rate Today, 19th June 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), popularly known as the “Aboki” rate, continues to reflect Nigeria’s ongoing foreign exchange challenges.

As of today, Thursday, June 19, 2025, Bureau De Change (BDC) operators in major cities like Lagos and Abuja report that the dollar is being bought at approximately ₦1,595 and sold at ₦1,605 on the parallel market, according to sources monitoring the unregulated forex market.

This represents a slight depreciation compared to yesterday’s rates, which stood at ₦1,590 (buy) and ₦1,600 (sell). Analysts attribute the marginal weakening of the Naira to persistent demand for dollars driven by importation, international travel, and educational expenses, coupled with limited supply in the official market regulated by the Central Bank of Nigeria (CBN).

The CBN’s official exchange rate, as of recent reports, hovers around ₦1,610 per dollar, showing a narrowing gap with the black market rate. However, the parallel market remains a preferred option for many Nigerians due to its accessibility and immediacy, despite warnings from the CBN about the risks of unregulated transactions.

Economic experts caution that the Naira could face further pressure if structural issues, such as low foreign reserves and fluctuating oil prices, are not addressed. Recent geopolitical tensions in the Middle East have driven a surge in global oil prices, which could provide a temporary boost to Nigeria’s forex inflows, but long-term stability remains uncertain.

Disclaimer: Black market transactions are unregulated and carry legal and financial risks. Always verify rates from multiple sources before engaging in currency exchange.