Aboki Naira to Dollar Black Market Rate Today, 25th May 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a focal point for many Nigerians navigating the country’s volatile economic landscape.

As of today, May 25, 2025, the Aboki black market rates for the US Dollar in major cities like Lagos, Abuja, Port Harcourt, and Kano are approximately ₦1620 for buying and ₦1630 for selling, according to reliable sources monitoring parallel market activities.

The black market, also known as the parallel market, continues to thrive due to persistent foreign currency scarcity in Nigeria’s official channels. This is driven by high demand for dollars for importation, travel, and international payments. Unlike the official Central Bank of Nigeria (CBN) rate, which is reported at around ₦1610 per $1, the black market rates reflect real-time supply and demand dynamics, often resulting in higher and more volatile rates.

This stability comes amid ongoing economic challenges, including inflationary pressures and limited dollar supply in the official market, which continue to push individuals and businesses to the parallel market.

Analysts note that the black market’s prominence stems from longstanding issues, including the introducing of the Second-Tier Foreign Exchange Market (SFEM) in 1986 under economic pressures from the International Monetary Fund (IMF).

Over the decades, the Naira has faced significant depreciation, with the black market often reflecting rates far higher than official ones. For example, during the 1990s, the gap between official and black market rates widened significantly, a trend that persists today.

Traders and consumers are advised to exercise caution when engaging in black market transactions due to inherent risks, including exposure to scams and counterfeit currency. To stay updated, many rely on online platforms like AbokiPure.com and social media updates for real-time rate information. Additionally, Bureau De Change (BDC) operators remain a key source for real-time rates, though rates may vary slightly by location.

As Nigeria’s economy grapples with these challenges, the Dollar to Naira black market rate remains a critical indicator of economic sentiment. For the latest updates, individuals are encouraged to consult trusted sources and compare rates from multiple traders to ensure fair transactions.

Note: Black market transactions are unregulated and carry legal and financial risks. Always verify rates and exercise caution when exchanging currency.