Dollar to Naira Exchange Rate Today, July 1, 2026

Dollar to Naira Exchange Rate Today, July 1, 2026
Naira appreciated to ₦1,390 per dollar in the parallel market today.
Interbank foreign exchange turnover increased by 20.5 per cent.

The Nigerian naira appreciated against the United States dollar on Wednesday, July 1, 2026, recording gains in both the parallel market and the Nigerian Foreign Exchange Market (NFEM).

EDITOR’S PICKS

EKO HOT BLOG reports that in the parallel market, the naira strengthened to ₦1,390 per dollar, compared to ₦1,395 per dollar recorded on Tuesday, representing a ₦5 appreciation.

The naira also gained in the official market, with data from the Central Bank of Nigeria (CBN) showing that the indicative exchange rate at the Nigerian Foreign Exchange Market (NFEM) improved to ₦1,376 per dollar, up from ₦1,385 per dollar on Tuesday. This reflects a ₦9 appreciation in the official exchange rate.

Market	Tuesday, June 30	Wednesday, July 1	Change
Parallel Market	₦1,395/$	₦1,390/$	₦5 appreciation
Official (NFEM)	₦1,385/$	₦1,376/$	₦9 appreciation
Gap Between Markets	₦9	₦14	Widened by ₦5

Despite the appreciation recorded in both markets, the gap between the official and parallel market exchange rates widened from ₦9 to ₦14 per dollar.

Meanwhile, trading activity in the Nigerian Foreign Exchange Market improved significantly.

According to CBN data, interbank turnover at the NFEM rose by 20.5 per cent, increasing to $269.9 million from $223.9 million recorded on Tuesday, indicating stronger participation in the official foreign exchange market.

Dollar to Naira Exchange Rate Today, July 1, 2026

The latest movement in the exchange rate comes as market participants continue to monitor foreign exchange liquidity, investor confidence and monetary policy measures aimed at sustaining stability in Nigeria’s currency market.