Aboki Naira to Dollar Black Market Exchange Rate Today, 22nd June 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly referred to as the “Aboki” rate, remains a focal point for Nigerians navigating the country’s volatile forex market.

As of today, Sunday, June 22, 2025, sources from Bureau De Change (BDC) operators in major markets across Lagos, Abuja, Port Harcourt, and Kano report the black market rate at approximately ₦1,595 to buy and ₦1,606 to sell for one US Dollar, according to data from platforms like Nairatoday and Aboki Forex.

This represents a slight fluctuation from yesterday’s rates, where the dollar was traded at ₦1,587 to buy and ₦1,605 to sell, indicating a marginal depreciation of the Naira in the parallel market.

The black market, or parallel market, continues to thrive due to persistent foreign exchange scarcity, high demand for dollars, and Nigeria’s import-dependent economy. Unlike the official rate set by the Central Bank of Nigeria (CBN), which was approximately ₦1,574.58 per USD as of June 21, 2025, the black market offers quicker access to foreign currency, albeit at a premium.

Currency dealers in Lagos’ Zone 4 and Abuja’s Wuse Zone 4 markets noted slight regional variations, with some quoting up to ₦1,615 for selling in high-demand areas. The gap between the official and black market rates persists due to limited dollar supply, surging oil prices amid Middle East tensions, and restrictive CBN policies, which have pushed individuals and businesses to rely on Aboki traders for travel, imports, and international payments.

The Naira’s value remains under pressure, driven by Nigeria’s economic challenges, including a reliance on imports and fluctuating oil prices. Analysts suggest that without significant policy reforms to boost dollar supply and reduce import dependency, the black market will continue to dominate forex transactions.

Note: Black market rates vary by location and dealer, and the CBN does not recognize the parallel market, advising individuals to use official banking channels for forex transactions.