Aboki Naira to Dollar Black Market Rate Today, 15th May 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) today, as reported by Aboki Forex and other parallel market sources, stands at an average of ₦1,616.14 for buying and ₦1,625.00 for selling.

These rates reflect a slight fluctuation compared to recent days, with the Naira maintaining relative stability against the Dollar in the unofficial market.

Currency dealers in major hubs like Lagos, Abuja, and Kano have reported minor variations in rates due to the unregulated nature of the black market. For instance, in Abuja’s Wuse Zone 4 market, dealers quoted buying rates as low as ₦1,605 and selling rates up to ₦1,620, highlighting the market’s volatility.

The black market, often referred to as the “Aboki” market, continues to serve as a critical avenue for Nigerians seeking foreign exchange amid restrictions in the official market.

The Central Bank of Nigeria (CBN) official rate, now aligned with the Investors and Exporters (I&E) window, remains significantly lower than the black market rates, creating a persistent gap that fuels parallel market activity. Recent reports indicate the official rate hovers around ₦1,610.93, with a marginal 0.124% change from the previous day, according to Wise Currency Converter.

Traders and consumers are advised to exercise caution when engaging in black market transactions, as rates can vary by location and dealer. Aboki Forex emphasizes that these rates are averages and may not apply uniformly across all markets due to the lack of regulation.

For the latest updates on Dollar to Naira exchange rates, Nigerians are encouraged to monitor trusted platforms like Aboki Forex, NgnRates, and social media channels for real-time data. As the Naira navigates economic pressures, the black market remains a vital, albeit unpredictable, component of Nigeria’s forex landscape.