Aboki Naira to Dollar Black Market Rate Today, 6th 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, Friday, June 6, 2025, the black market, commonly referred to as the “Aboki” market, is seeing the dollar exchange at an average buying rate of ₦1605 and a selling rate of ₦1615 across major cities like Lagos, Abuja, Port Harcourt, and Kano.

According to recent updates from currency traders and online platforms tracking parallel market activities, these rates reflect a slight appreciation of the Naira compared to earlier in the week. On June 5, 2025, reports indicated the Naira hit ₦1605/$1 as the Sallah holiday approaches, signaling a marginal gain against the dollar. This fluctuation is attributed to seasonal demand for foreign currency and ongoing constraints in the official forex market regulated by the Central Bank of Nigeria (CBN).

The black market continues to thrive due to limited access to dollars through official channels, driven by high demand for importation, travel, and international payments. Unlike the CBN’s official rate, which is often lower, the parallel market reflects real-time supply and demand dynamics, making it more volatile. For instance, earlier this week on June 3, 2025, the exchange rate was reported at approximately ₦1610 (buying) and ₦1620 (selling), indicating a slight strengthening of the Naira by today.

Financial experts advise caution when engaging with black market dealers due to risks such as scams and counterfeit currency. Nigerians are encouraged to verify rates from multiple sources, including trusted platforms like AbokiPure.com and street traders, while ensuring transactions are conducted with reputable Bureau De Change (BDC) operators.

As the Naira’s value remains under pressure, analysts note that broader economic factors, including Nigeria’s reliance on imports and limited foreign exchange reserves, continue to fuel the black market’s prominence. The CBN has yet to comment on today’s rates, but its policies aimed at harmonizing official and parallel market rates are under scrutiny as the gap persists.

Disclaimer: Black market transactions carry legal and financial risks. Always consult trusted sources and exercise caution when exchanging currency.