Aboki Naira to Dollar Black Market Rate Today, 18th May 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a focal point for many Nigerians, as economic dynamics continue influencing currency trading in the parallel market.

According to updates from trusted sources, the black market exchange rate for the Dollar to Naira today, May 18, 2025, stands at approximately ₦1,618.964 per $1.

The black market, often referred to as the “Aboki” market, operates outside the official channels regulated by the Central Bank of Nigeria (CBN). It reflects real-time supply and demand dynamics, making it a critical indicator for businesses, travelers, and individuals involved in international transactions. Today’s rate shows a slight fluctuation compared to recent days, with sources indicating a buying rate of around ₦1,600 and a selling rate of ₦1,635 in some markets earlier this week.

The gap between the black market and official CBN rates persists due to Nigeria’s high demand for foreign currency, driven by importation, travel, and limited dollar supply in the formal market. Recent reports suggest the CBN has implemented measures to boost forex liquidity, yet the parallel market thrives as a faster alternative for accessing dollars.

Market analysts note that the Naira’s performance remains volatile, with some expressing concerns about potential depreciation if foreign direct investment and productivity challenges are not addressed.

Despite these challenges, some Nigerians are optimistic, with social media posts reflecting hope for gradual Naira appreciation. One user remarked, “This gradual appreciation of Naira is impressive, in so far as it is continuous. We are expecting a better tomorrow in Nigeria’s economy.”

Experts advise caution for those engaging in currency exchange and recommend verifying rates with trusted Bureau De Change (BDC) operators, as rates can vary slightly by location. Online platforms like AbokiPure.com and social media groups remain popular for real-time rate updates.

As Nigeria navigates its economic landscape, the black market exchange rate remains a vital pulse of the nation’s financial health, with all eyes on future CBN policies and global economic trends.

Disclaimer: Black market rates are unregulated and may vary across markets. Always consult reliable sources before engaging in currency exchange.