Aboki Naira to Dollar Black Market Rate Today, 27th May 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN), commonly referred to as the “Aboki rate,” has experienced slight fluctuations today, reflecting the ongoing dynamics in Nigeria’s informal foreign exchange market.

As of today, Tuesday, May 27, 2025, sources indicate that the black market rate for 1 USD stands at approximately ₦1,610 (buying) and ₦1,620 (selling) across major cities like Lagos, Abuja, Port Harcourt, and Kano.

The parallel market, which operates outside the Central Bank of Nigeria’s (CBN) regulated channels, remains a crucial avenue for individuals and businesses seeking foreign currency due to persistent dollar scarcity in the official market.

The buying rate represents the amount black market dealers pay for 1 USD, while the selling rate is what they charge to sell 1 USD. For instance, exchanging $100 today would yield approximately ₦161,000 at the buying rate or cost about ₦162,000 at the selling rate.

According to posts on social media, the naira’s performance in the black market remains volatile, driven by factors such as high demand for dollars for importation, travel, and international payments, coupled with limited supply in the official market.

A recent post highlighted today’s rate at ₦1,584.94 for 1 USD, though this appears to reflect a specific transaction or platform rather than the broader Aboki market average. Other sources, including AbokiPure.com, reported rates closer to ₦1,620 (buying) and ₦1,630 (selling) earlier this week, suggesting minor daily variations.

The disparity between the black market and official CBN rates, which are often lower, highlights ongoing challenges in Nigeria’s foreign exchange market. The CBN’s efforts to stabilize the naira have included measures to increase the dollar supply, but the black market persists due to its accessibility and ability to meet immediate currency needs.

Analysts note that economic conditions, government policies, and market speculation continue to influence these rates, with some warning that the naira could face further pressure if foreign exchange shortages persist.

Nigerians are advised to exercise caution when engaging in black market transactions, as they may be exposed to risks such as scams, counterfeit currency, and potential legal implications. For the most accurate and up-to-date rates, individuals are encouraged to compare rates from multiple sources, including trusted Bureau De Change (BDC) operators and online platforms like AbokiPure.com or social media groups where real-time updates are shared.

As the naira navigates these economic challenges, staying informed about exchange rate trends remains crucial for both businesses and individuals.

For further updates, bookmark reliable forex blogs or follow trusted currency exchange platforms for real-time information.