Aboki Naira to Dollar Black Market Exchange Rate Today, 27th 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 volatility in Nigeria’s foreign exchange market.

As of today, Friday, June 27, 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 ₦1,570 to buy and ₦1,590 to sell for one US Dollar, according to data aggregated from platforms like Aboki Forex and Nairatoday.

This represents a slight improvement compared to yesterday’s rates of ₦1,575 to buy and ₦1,585 to sell, indicating a marginal strengthening of the Naira in the parallel market.

However, the rates remain significantly higher than the official exchange rate set by the Central Bank of Nigeria (CBN), which hovers around ₦1,573.81 per USD as of recent reports. The gap between the official and black market rates underscores the persistent foreign exchange scarcity and high demand for dollars driven by Nigeria’s import-dependent economy, international travel, and educational expenses abroad.

Currency dealers in Lagos’ Zone 4 and Abuja’s Wuse Zone 4 markets noted slight regional variations, with some high-demand areas quoting up to ₦1,615 for selling. Analysts attribute the Naira’s volatility to limited foreign currency supply in the official market, coupled with global oil price dynamics and Nigeria’s reliance on oil exports. Some projections suggest the Naira could face further pressure, potentially approaching ₦2,000 per USD by late 2025 if foreign exchange reserves are not bolstered through policy reforms or increased oil revenues.

The CBN, which does not recognize the parallel market, continues to urge Nigerians to use official banking channels for foreign exchange transactions to promote transparency and stability. However, the black market remains a preferred option for many due to its quicker access to dollars, despite risks such as scams, counterfeit currency, and legal implications.

Nigerians are increasingly turning to online platforms like AbokiPure.com, Nairatoday, and social media channels for real-time updates on black market rates. A Lagos-based BDC operator noted, “The rates can change hourly, so people need to stay updated to avoid losses.”

For those engaging in black market transactions, experts advise caution and recommend verifying rates through multiple reputable sources and dealing only with trusted BDC operators to mitigate risks.

As Nigeria navigates its complex economic landscape, the Aboki exchange rate remains a critical indicator of the country’s forex challenges.