- Dollar to Naira Exchange Rate Today, July 2, 2026
- CBN official rate ranged between ₦1,368 and ₦1,378.
- Exchange rates may vary across markets and dealers.
The dollar to naira exchange rate remained mixed across the official and parallel foreign exchange markets on Thursday, July 2, 2026, as the Nigerian currency continued to trade within a narrow range.
At the black market, also known as the parallel market, the United States dollar traded at ₦1,400 as the selling rate, while the buying rate stood at ₦1,390.
Meanwhile, in the official market, data from the Central Bank of Nigeria (CBN) showed the dollar traded within a range of ₦1,368 to ₦1,378.
| Dollar to Naira (USD/NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,390 |
| Selling Rate | ₦1,400 |
| Dollar to Naira (USD/NGN) | CBN Official Rate |
|---|---|
| Highest Rate | ₦1,378 |
| Lowest Rate | ₦1,368 |
The exchange rate in the parallel market is determined by demand and supply among currency traders and may differ from the rates quoted by banks and other authorised dealers.
The Central Bank of Nigeria continues to encourage individuals and businesses seeking foreign exchange to use authorised financial institutions, maintaining that the official market remains the recognised channel for foreign exchange transactions.
Exchange rates are subject to fluctuations during trading hours and may vary slightly across locations and financial institutions.
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