Aboki Naira to Dollar Black Market Rate Today, 11th June 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a focal point for Nigerians navigating the country’s volatile forex landscape.

As of today, 11th June 2025, the black market, commonly referred to as the “Aboki” market, has seen the Naira trading at an average rate of ₦1,605 to buy $1 and ₦1,615 to sell $1, according to reports from Bureau De Change (BDC) operators across major cities like Lagos, Abuja, Port Harcourt, and Kano.

This rate reflects a slight stability in the parallel market compared to recent fluctuations, with the Naira holding steady against the Dollar in the past week. On June 10, 2025, the black market rate was reported at ₦1,605 (buy) and ₦1,615 (sell), indicating minimal change. Meanwhile, the Central Bank of Nigeria (CBN) official exchange rate stands at approximately ₦1,545 to ₦1,560 per $1, highlighting a persistent gap between the official and black market rates.

The black market continues to thrive due to limited access to foreign currency through official channels, driven by high demand for dollars for importation, travel, and international payments. Analysts note that the constrained supply of dollars in the legal market pushes individuals and businesses to the parallel market, where rates are often higher but more readily available.

Nigerians are advised to exercise caution when engaging in black market transactions due to inherent risks, including potential scams and legal implications.

As Nigeria’s economic landscape continues to evolve, the Dollar to Naira exchange rate remains a critical indicator of financial realities for millions of Nigerians. Stay tuned for daily updates on the Aboki black market rates to make informed financial decisions.