Aboki Naira to Dollar Black Market Rate Today, 12th June 2025
The black market exchange rate for the US dollar (USD) to Nigerian naira (NGN) remains a focal point for many Nigerians navigating the volatile currency market.
As of today, Thursday, June 12, 2025, the parallel market, commonly referred to as the “Aboki” market, has recorded a slight fluctuation in rates, reflecting ongoing economic dynamics.
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According to real-time data from Bureau De Change (BDC) operators in key markets like Lagos and Abuja, the black market exchange rate for 1 USD stands at approximately ₦1,610 for buying and ₦1,620 for selling. This represents a marginal increase from earlier this week, where rates hovered around ₦1,605 (buying) and ₦1,615 (selling) on June 10, 2025.
The black market continues to thrive due to persistent dollar scarcity in the official foreign exchange market, regulated by the Central Bank of Nigeria (CBN). The CBN’s official rate, in contrast, is reported to be around ₦1,545 to ₦1,560 per USD, creating a significant gap that drives demand for dollars in the parallel market. This disparity is fueled by high demand for foreign currency for importation, international payments, and travel, coupled with limited supply through official channels.
Currency traders in Lagos’s Zone 4 market noted that the slight uptick in rates may be linked to increased demand ahead of the upcoming Eid al-Adha celebrations, which often spur foreign currency transactions. However, some analysts suggest the naira’s relative stability in recent weeks is a positive sign, with reports indicating a week-on-week gain of ₦32.38 against the dollar in early June.
The unregulated nature of the black market means rates can fluctuate throughout the day, and transactions carry inherent risks, including exposure to scams or counterfeit currency.
As Nigeria’s economic reforms continue to take shape, including efforts to stabilize the naira and boost forex inflows (which rose 62% to $5.96 billion in May 2025), the black market remains a critical, albeit controversial, component of the country’s financial landscape.
Nigerians are urged to exercise caution and consult trusted BDC operators for the most accurate and secure transactions.
