Aboki Naira to Dollar Black Market Rate Today, 19th May 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a critical focus for traders, businesses, and individuals across Nigeria.

According to real-time updates from Bureau De Change (BDC) operators and online platforms, the Dollar to Naira black market rate today, Monday, May 19, 2025, reflects ongoing economic dynamics in the parallel market.

As of today, the black market exchange rate for the US Dollar stands at an average buying rate of ₦1,618 per $1 and a selling rate of ₦1,630 per $1, based on data aggregated from sources like Array HQ and Investors King. These rates indicate a slight fluctuation compared to recent weeks, with the Naira showing marginal stability against the Dollar in the informal market.

The black market, often referred to as the “Aboki” or parallel market, continues to play a significant role in Nigeria’s forex landscape due to limited access to dollars through official channels. The Central Bank of Nigeria (CBN) regulates the official exchange rate, which is typically lower than the black market rate. However, high demand for dollars for imports, travel, and international payments drives many Nigerians to the parallel market, where rates are determined by supply and demand dynamics.

Recent reports highlight that the Naira has experienced a gradual appreciation in the black market, with rates improving slightly from a low of ₦1,625 on May 17, 2025. This follows interventions by the CBN to boost forex liquidity, including strategies to attract non-oil export revenue and diaspora remittances. Despite these efforts, experts warn that the Naira may remain under pressure without substantial foreign exchange inflows or policy reforms.

In Abuja’s Wuse Zone 4 market, currency dealers reported buying dollars at approximately ₦1,605 and selling at ₦1,620, indicating slight regional variations in rates. Traders advise caution, recommending that individuals verify rates with trusted BDC operators before transactions, as prices can differ based on location and market conditions.

Social media platforms like X have been abuzz with updates on the black market rates, with posts from users and forex platforms providing real-time insights. One post noted, “Black Market Rate: 1 USD ⇛ ₦1,618.085,” reflecting sentiment around the Naira’s performance.

For those seeking to stay informed, platforms like AbokiPure.com, Investors King, and Array HQ offer daily updates on black market rates, alongside insights into economic factors influencing the forex market. Nigerians are encouraged to monitor these sources and the CBN’s official rates for a comprehensive view of the currency landscape.

As Nigeria navigates economic challenges, including inflation and forex scarcity, the Dollar to Naira black market rate remains a vital indicator of the country’s financial health. Stay tuned for further updates as the market evolves.