Aboki Naira to Dollar Black Market Rate Today, 2nd June 2025
The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) today, as reported by Aboki Forex and other parallel market sources, reflects ongoing volatility in Nigeria’s informal currency exchange sector.
According to real-time updates from currency traders in major markets like Lagos, Abuja, Port Harcourt, and Kano, the Dollar to Naira black market rate stands at approximately ₦1,629 to buy and ₦1,610 to sell for $1. These figures indicate a slight depreciation compared to recent days, with the Naira showing marginal stability against the Dollar in the parallel market.
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The black market, often referred to as the “Aboki” market, remains a critical avenue for Nigerians seeking foreign currency due to limited access through official channels regulated by the Central Bank of Nigeria (CBN).
On the same day, the official exchange rate, as reported by sources like Wise, hovers around ₦1,589.12 to $1, highlighting the premium paid in the parallel market due to high demand and constrained supply.
The persistent gap between official and black market rates is driven by factors such as Nigeria’s high import dependency, limited foreign exchange reserves, and recent global trade uncertainties, including tariff threats that impact emerging markets.
Currency dealers in Abuja’s Zone 4 market and Lagos’ parallel market emphasize that rates can fluctuate hourly based on the dynamics of supply and demand. Nigerians engaging in international transactions, travel, or imports are advised to compare rates from multiple sources, including Bureau De Change (BDC) operators and trusted online platforms like AbokiPure.com while exercising caution due to the unregulated nature of the black market.
Analysts warn that the Naira’s value may face further pressure in the near future, with some projections suggesting a potential slide toward ₦2,000 to $1 if economic challenges persist.
For now, individuals are urged to stay informed through reliable sources and avoid large transactions without verifying rates to mitigate risks of scams or counterfeit currency.
