Aboki Naira to Dollar Black Market Exchange Rate Today, 30th 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 economic challenges in Nigeria’s foreign exchange market.
As of today, Monday, June 30, 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 ₦1,590, according to reliable sources.
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This represents a slight fluctuation compared to yesterday’s rates, where the dollar was bought at ₦1,570 and sold at ₦1,590, indicating a marginal weakening of the Naira in the parallel market.
The black market remains a critical avenue for Nigerians seeking foreign currency due to limited access through official channels 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 the official and black market rates.
Economic analysts attribute the Naira’s volatility to Nigeria’s heavy reliance on oil exports, fluctuating global oil prices, and a high demand for dollars driven by importation, travel, and international payments.
The limited supply of foreign exchange in the official market continues to push individuals and businesses to the parallel market, where rates are determined by real-time supply and demand dynamics. Some projections suggest that without significant policy reforms to boost foreign exchange supply or reduce import dependency, the Naira could approach ₦2,000 per dollar by late 2025.
The slight spread between buying and selling rates allows black market dealers to profit, with rates varying slightly across different regions and BDC operators.
The CBN continues to urge Nigerians to use official banking channels for foreign exchange transactions to promote transparency and stability. However, the accessibility and speed of the black market keep it thriving despite risks such as scams, counterfeit currency, and legal implications.
Nigerians are advised to exercise caution and verify rates through multiple sources, including trusted platforms like AbokiPure.com, Nairatoday.com, or local BDC operators, to ensure fair deals.
As Nigeria navigates its economic challenges, the Aboki exchange rate remains a key indicator of the country’s forex market sentiment.
Disclaimer: Engaging in black market transactions is unregulated and carries significant risks. Always consult official channels and trusted sources for currency exchange.
