Aboki Naira to Dollar Black Market Rate Today, 5th June 2025

The black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) remains a focal point for many Nigerians navigating the country’s volatile economic landscape.

As of today, June 5, 2025, the Aboki black market rate for the Dollar to Naira stands at approximately ₦1,605 (buying) and ₦1,615 (selling) across major cities like Lagos, Abuja, Port Harcourt, and Kano, according to reliable sources in the parallel market.

This represents a slight fluctuation from yesterday’s rates, which were reported at ₦1,605 (buying) and ₦1,615 (selling), indicating relative stability in the black market. However, compared to earlier this week, the Naira has seen a marginal appreciation, with rates on June 3 recorded at ₦1,610 (buying) and ₦1,620 (selling).

The black market, often referred to as the parallel market, continues to thrive due to persistent foreign currency shortages in Nigeria’s official markets, driven by high demand for dollars for importation, travel, and international payments. Unlike the Central Bank of Nigeria’s (CBN) official rate, which is currently around ₦1,589.12 per $1, the black market reflects real-time supply and demand dynamics, leading to higher and more volatile rates.

Currency traders in Lagos’s Zone 4 market and other hubs noted that the slight strengthening of the Naira could be linked to increased dollar inflows from non-bank corporates and foreign portfolio investors, as reported by local news outlets earlier this week. However, the market remains sensitive to economic policies, global oil prices, and speculative trading, which could drive further fluctuations in the future.

Nigerians are advised to exercise caution when engaging in black market transactions due to inherent risks, including potential scams and counterfeit currency.

As the Naira navigates these economic challenges, many continue to monitor both official and black market rates closely to make informed financial decisions. For further details on exchange rates or to compare providers, visit trusted platforms like Monierate or contact local Bureau De Change operators.

Note: Black market rates are unregulated and may vary. Always verify rates with multiple sources before transacting.