Aboki Naira to Dollar Black Market Exchange Rate Today, 23rd June 2025
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly referred to as the “Aboki” rate, continues to reflect Nigeria’s volatile foreign exchange landscape.
As of today, Monday, June 23, 2025, Bureau De Change (BDC) operators across major cities like Lagos, Abuja, Port Harcourt, and Kano report the black market rate at approximately ₦1,600 to buy and ₦1,610 to sell for one US Dollar, according to sources monitoring the unregulated forex market.
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This represents a slight depreciation compared to Saturday, June 22, 2025, when the rates stood at ₦1,587 to buy and ₦1,605 to sell, signaling ongoing pressure on the Naira in the parallel market.
The marginal weakening is attributed to persistent high demand for dollars, driven by Nigeria’s import-dependent economy, international travel, educational expenses, and limited foreign currency supply in the official market regulated by the Central Bank of Nigeria (CBN).
The CBN, which does not recognize the parallel market, has directed individuals to approach commercial banks for forex transactions. However, the official exchange rate, reported at approximately ₦1,574.58 per USD as of June 21, 2025, remains lower than the black market rate, making the parallel market a preferred option for many Nigerians due to its quicker access to dollars, 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. Analysts warn that the Naira may face further pressure if foreign exchange scarcity persists, with some projecting a potential climb toward ₦2,000/$1 in the near future unless significant policy interventions or increased oil revenues bolster reserves.
Nigerians continue to rely on platforms like Aboki Forex, Nairatoday, and social media channels for real-time updates on black market rates. “The rates change daily, sometimes hourly,” said a Lagos-based BDC operator. “People need dollars for urgent needs, and the banks can’t always meet the demand.”
The public is advised to exercise caution when engaging with parallel market operators and to compare rates across multiple dealers to secure the best value. For official forex transactions, the CBN recommends using licensed financial institutions.
Disclaimer: Black market rates are unregulated and may vary across locations. All figures are for informational purposes only.
