Aboki Naira to Dollar Black Market Rate Today, 28th May 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a critical focus for Nigerians amid ongoing economic fluctuations.

As of today, Wednesday, May 28, 2025, the black market, also known as the parallel market, reflects a buying rate of approximately ₦1,618 and a selling rate of ₦1,620 per US dollar in major cities like Lagos, Abuja, Port Harcourt, and Kano, according to reliable sources tracking street market values.

This represents a slight adjustment from recent days, with the naira showing relative stability against the dollar in the parallel market. For comparison, on May 27, 2025, the black market rates were reported at ₦1,605 (buy) and ₦1,620 (sell), indicating a marginal increase in the buying rate.

The official exchange rate, as set by the Central Bank of Nigeria (CBN), stands at approximately ₦1,580.976 per USD, highlighting the persistent premium in the black market driven by high demand and limited dollar supply.

The black market continues to thrive due to restricted access to foreign currency through official channels, pushing individuals and businesses to street traders, commonly referred to as “Aboki” exchangers. These rates are dynamic and can vary slightly across regions and even within the same day, influenced by factors such as dollar scarcity, importation needs, and speculative trading.

Experts note that the gap between official and black market rates underscores ongoing challenges in Nigeria’s foreign exchange policy, with the naira facing pressure from import dependency and limited foreign direct investment.

For those engaging in currency exchange, caution is advised. Rates can differ between Bureau De Change (BDC) operators, and transactions in the unregulated parallel market carry risks, including potential scams or counterfeit currency.

Nigerians are encouraged to compare rates from multiple sources, such as trusted online platforms like AbokiPure.com or local news outlets, before making transactions. Social media platforms also provide real-time updates from traders, though accuracy cannot always be guaranteed.

As Nigeria navigates its economic landscape, the black market exchange rate remains a barometer of broader fiscal dynamics. Citizens and businesses are urged to stay informed through credible sources and exercise diligence in their financial decisions.

Note: Black market rates are unofficial and subject to change. Always verify with local traders or reliable platforms for the most current rates.