Aboki Naira to Dollar Black Market Exchange Rate Today, 26th 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 critical indicator of Nigeria’s volatile forex market.
As of today, Thursday, June 26, 2025, Bureau De Change (BDC) operators in major hubs such as Lagos, Abuja, Port Harcourt, and Kano report the dollar being bought at approximately ₦1,590 and sold at ₦1,600 on the parallel market.
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This represents a slight strengthening of the Naira compared to yesterday’s rates, where the dollar was bought at ₦1,590 and sold at ₦1,605 in Lagos. The marginal fluctuation reflects ongoing pressures from Nigeria’s import-dependent economy, high demand for dollars for international transactions, and limited foreign exchange supply in the official market regulated by the Central Bank of Nigeria (CBN). The CBN’s official rate, as of recent reports, hovers around ₦1,573.81 per USD, showing a narrowing gap between official and black market rates.
Economic analysts attribute the Naira’s volatility to Nigeria’s reliance on oil exports and global oil price dynamics. Recent reports indicate that without significant policy reforms to boost foreign exchange supply or reduce import dependency, the Naira could face further depreciation, with some projections suggesting a potential approach of ₦2,000 per dollar by late 2025. The black market continues to thrive due to its accessibility, offering quicker access to dollars for travel, business, and personal needs compared to official channels.
Nigerians are advised to exercise caution when engaging in black market transactions due to risks such as scams, counterfeit currency, and legal implications.
The CBN continues to urge individuals to use official banking channels for foreign exchange to promote transparency and stability. For the latest updates on black market rates, Nigerians are encouraged to verify rates through multiple sources, including local BDC operators and reputable forex platforms.
Disclaimer: Engaging in black market transactions is unregulated and carries significant risks.
