Aboki Naira to Dollar Black Market Exchange Rate Today, 24th 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 the ongoing pressures on Nigeria’s foreign exchange market.

As of today, Tuesday, June 24, 2025, Bureau De Change (BDC) operators in major cities such as Lagos, Abuja, Port Harcourt, and Kano report that the dollar is being bought at approximately ₦1,605 and sold at ₦1,615 in the parallel market, according to sources monitoring the unregulated forex market.

This represents a slight depreciation compared to yesterday’s rates, which stood at ₦1,585 to buy and ₦1,600 to sell, signalling persistent volatility in the black market. The marginal weakening of the Naira is attributed to the high demand for dollars, driven by Nigeria’s import-dependent economy, international travel, educational expenses, and a limited foreign currency supply in the official market, which is regulated by the Central Bank of Nigeria (CBN).

The CBN’s official exchange rate, as of recent reports, hovers around ₦1,574.58 per USD, maintaining a noticeable gap with the black market rate. This disparity continues to make the parallel market a preferred option for many Nigerians seeking quicker access to dollars, despite the CBN’s warnings about the risks of unregulated transactions, including potential legal consequences, scams, and exposure to counterfeit currency.

Currency dealers in Lagos’ Zone 4 and Abuja’s Wuse Zone 4 markets noted slight regional variations, with some quoting up to ₦1,620 for selling in high-demand areas. Economic analysts point to structural challenges, such as low foreign reserves and fluctuating global oil prices, as key drivers of the Naira’s pressure. Some projections suggest the Naira could approach ₦2,000 to $1 by late 2025 if foreign exchange scarcity persists without significant policy interventions or increased oil revenues.

Nigerians continue to rely on platforms like Aboki Forex, Nairatoday, and social media channels for real-time updates on black market rates. However, experts caution that engaging in black market transactions remains unregulated and carries significant risks. The CBN advises individuals to use commercial banks for forex transactions to ensure safety and compliance.

For the latest updates on the Dollar to Naira black market exchange rate, visit trusted online platforms or consult local BDC operators, while exercising caution in all transactions.

Disclaimer: The black market is not recognized by the Central Bank of Nigeria, and rates may vary by location and trader.