Aboki Naira to Dollar Black Market Exchange Rate Today, 25th 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 the economic pressures facing Nigeria’s currency.
As of today, Wednesday, June 25, 2025, sources from Bureau De Change (BDC) operators in Lagos’ parallel market report that the dollar is being bought at approximately ₦1,580 and sold at ₦1,605.
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The marginal increase in the selling rate highlights the persistent demand for dollars, driven by Nigeria’s import-heavy economy, international travel, and educational expenses abroad. The limited supply of foreign currency in the official market, regulated by the Central Bank of Nigeria (CBN), continues to fuel the parallel market’s prominence.
The CBN’s official exchange rate, as per recent reports, hovers around ₦1,610 per dollar, showing a narrowing gap between the official and black market rates. However, the parallel market remains a preferred avenue for many Nigerians due to its accessibility and immediacy, despite the CBN’s warnings about the risks of unregulated transactions, including potential scams, counterfeit currency, and legal repercussions.
Economic analysts note that the Naira’s volatility is tied to Nigeria’s reliance on oil exports and the global oil price dynamics. Recent reports suggest that without significant policy reforms to boost foreign exchange supply or reduce import dependency, the Naira could face further depreciation, with some projections indicating a potential approach to ₦2,000 per dollar by late 2025.
Nigerians are advised to exercise caution when engaging in black market transactions and to compare rates from multiple sources, such as trusted online platforms like AbokiPure.com or street traders, to ensure fair deals. The CBN continues to encourage individuals to use official banking channels for foreign exchange transactions to promote transparency and stability in the forex market.
Disclaimer: Engaging in black market transactions is unregulated and carries significant risks. Always verify rates and proceed with caution.
