Aboki Naira to Dollar Black Market Rate Today, 14th 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, 14th June 2025, the Aboki black market rate for the Dollar to Naira stands at an average of ₦1615 for buying and ₦1625 for selling, according to sources monitoring street-level transactions in major cities like Lagos, Abuja, Port Harcourt, and Kano.

This rate reflects a slight fluctuation compared to recent days, with the black market showing a marginal increase from yesterday’s reported rates of ₦1610 (buy) and ₦1615 (sell) in some markets. The Central Bank of Nigeria (CBN) official rate, in contrast, continues to lag behind, hovering around ₦1539.72, highlighting the persistent gap between official and parallel market rates.

The black market, often referred to as the “Aboki” market due to the prominence of informal currency traders, remains a critical avenue for Nigerians seeking dollars amid limited access through official channels. Factors such as high demand for foreign currency for importation, travel, and international payments continue to drive the premium on the black market. The CBN’s regulation of the forex supply has been unable to fully meet this demand, pushing individuals and businesses to the parallel market despite its legal and financial risks.

The Naira’s value remains under pressure, with recent global events, including oil price volatility and geopolitical tensions, contributing to the Dollar’s strength. Analysts warn that without significant policy interventions to boost forex supply or address Nigeria’s import dependency, the black market will continue to play a dominant role in the country’s forex ecosystem.

For those looking to exchange currency, caution is advised due to risks such as scams and counterfeit notes in the black market. Nigerians are encouraged to stay informed through trusted sources and avoid exchanging large sums without verifying rates and dealer credibility.

Disclaimer: Black market exchange rates are unofficial and carry inherent risks. Always exercise caution and consult reliable sources before engaging in transactions.