Aboki Naira to Dollar Black Market Rate Today, 15th June 2025
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) in Nigeria’s major cities, including Lagos, Abuja, Kano, and Port Harcourt, has seen slight fluctuations today, according to reports from Bureau De Change (BDC) operators and online platforms tracking parallel market rates.
As of today, Sunday, June 15, 2025, the Dollar to Naira black market exchange rate is approximately ₦1,605 for buying and ₦1,615 for selling per US dollar, based on averages reported across the country. These rates reflect a marginal decrease of about 0.12% compared to earlier this week, when the selling rate was quoted at around ₦1,618 on June 4, 2025.
Trending Now!!:
The black market, also known as the parallel market, remains a critical avenue for Nigerians and businesses seeking foreign currency due to persistent dollar scarcity in the official market regulated by the Central Bank of Nigeria (CBN).
The CBN’s official exchange rate, as reported on May 20, 2025, stood at approximately ₦1,610 per dollar, showing a narrower gap with the black market rate than in previous years. However, the parallel market continues to command a premium due to high demand for dollars driven by importation, travel, and international transactions.
The Nigerian Naira has faced significant pressure over the years, with the black market playing a pivotal role since the 1980s when economic challenges and currency controls birthed the parallel market. Experts note that Nigeria’s import-dependent economy and limited foreign exchange supply continue to fuel the black market’s prominence, despite efforts by the CBN to stabilize the Naira.
Nigerians are advised to exercise caution when engaging in black market transactions due to inherent risks, including potential scams and counterfeit currency.
As the Naira navigates ongoing economic challenges, many Nigerians continue to monitor both official and black market rates closely, with the latter remaining a key indicator of the country’s forex dynamics. For the latest updates, visit trusted platforms or consult your local Business Development Centre (BDC) operators.
Disclaimer: Black market transactions are unregulated and carry legal and financial risks. Always verify rates from multiple sources before engaging in currency exchange.
