Aboki Naira to Dollar Black Market Rate Today, 26th May 2025

The black market exchange rate for the US Dollar (USD) to the Nigerian Naira (NGN) remains a crucial concern for many Nigerians amid ongoing economic uncertainty.

As access to foreign currency through official channels remains restricted, the parallel market—commonly referred to as the black market—continues to serve as a vital source of dollars for individuals and businesses alike.

As of today, May 26, 2025, the average black market rate for the dollar stands at approximately ₦1,583.59 for buying and ₦1,605 for selling. These figures reflect minor fluctuations compared to previous days, with the naira showing relative stability in the parallel market. However, actual rates may vary slightly by region, with cities like Lagos, Abuja, Port Harcourt, and Kano experiencing slight differences due to the decentralized nature of the market.

The parallel market remains a go-to for those unable to access dollars through the Central Bank of Nigeria (CBN) or official financial institutions. The persistent gap between the black market and official exchange rates highlights Nigeria’s ongoing foreign currency shortages and broader economic concerns.

For comparison, the CBN’s official rate as of May 20, 2025, was reportedly around ₦1,610 to the dollar, according to AbokiFX. However, the platform’s credibility has come under scrutiny due to regulatory crackdowns and past sanctions.

Economic experts point to several key factors influencing the naira’s performance, including Nigeria’s heavy import dependence, fluctuating global oil prices, and inconsistent foreign exchange policies. While recent government statements hint at anticipated foreign currency inflows that could ease liquidity pressures, the parallel market thrives due to its accessibility and more accurate reflection of real-time demand.

Caution is strongly advised when dealing in the black market, as it carries risks such as scams and counterfeit currency. For the most reliable and up-to-date information, individuals should consult multiple sources, including reputable Bureau De Change (BDC) operators and online platforms like AbokiPure.com and Monierate.

As Nigeria continues to navigate its complex economic landscape, the dollar-to-naira black market rate remains a critical barometer of financial sentiment, with widespread hopes that future reforms will help narrow the gap between official and unofficial exchange channels.