Aboki Naira to Dollar Black Market Rate Today, 4th June 2025

As of today, June 4, 2025, the black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) in Nigeria’s parallel market remains a focal point for businesses, traders, and individuals navigating the country’s economic landscape.

According to real-time updates from trusted sources, the Dollar to Naira black market rate is currently averaging ₦1,605 for buying and ₦1,615 for selling across major cities like Lagos, Abuja, Port Harcourt, and Kano.

The black market, often referred to as the “Aboki” market, continues to thrive due to persistent foreign currency scarcity in Nigeria’s official channels. The Central Bank of Nigeria (CBN) regulates the official exchange rate, which is reported to be around ₦1,610 as of May 20, 2025, but limited access to dollars through banks and formal institutions drives demand to the parallel market, where rates are typically higher.

On June 3, 2025, posts on social media reported the black market rate at approximately ₦1,610 (buying) and ₦1,620 (selling), indicating relative stability in the parallel market over the past day. Sources like AbokiPure.com and NgnRates.com note that these rates can fluctuate throughout the day based on supply and demand dynamics, with slight variations across different regions and Bureau De Change (BDC) operators.

Economic analysts attribute the persistent gap between official and black market rates to Nigeria’s reliance on imports, high demand for foreign currency for travel and international payments, and bureaucratic challenges limiting foreign direct investment. The Naira’s value has faced significant pressure since the 1980s, with historical data showing a low of ₦1,490 to $1 on February 26, 2025, reflecting ongoing volatility.

Traders and consumers are advised to exercise caution when engaging in black market transactions due to inherent risks, including potential scams and legal implications. For the most accurate and up-to-date rates, platforms like TheCityCeleb.com, forex blogs, and social media groups are recommended for real-time updates. Nigerians are also encouraged to compare rates from multiple sources before exchanging currency to ensure fair deals.

As the economic landscape evolves, the black market remains a critical indicator of Nigeria’s forex dynamics, reflecting both the challenges and resilience of its financial ecosystem. Stay tuned for further updates as the situation develops.