Aboki Naira to Dollar Black Market Exchange Rate Today, 1st July 2026

The Nigerian naira maintained a relatively stable position in the black market today, with dealers quoting the US dollar at approximately ₦1,395 to ₦1,400 for selling and around ₦1,385 to ₦1,390 for buying.

This reflects minimal movement from the previous trading session, as currency traders navigated ongoing supply dynamics in the parallel forex segment.

Market participants reported brisk activity in major trading hubs across Lagos, Abuja, and Kano, where demand for foreign exchange remained consistent amid seasonal business needs and remittances.

Currency exchangers noted that the gap between buy and sell rates stayed narrow, signalling balanced liquidity despite external pressures on the economy. In contrast, the official market rate hovered near ₦1,380 to ₦1,383 per dollar, according to Central Bank of Nigeria indicators, leaving a modest premium in the informal channel.

Analysts attribute the naira’s resilience this week to improved dollar inflows from oil exports and diaspora transfers, which have helped cushion volatility seen earlier in the month. However, some traders expressed caution over potential fluctuations if import demand spikes in the coming days or if global oil prices shift unexpectedly.

Economic observers continue to watch for policy signals from monetary authorities that could further align the two market segments. For businesses and individuals relying on the parallel market, the current levels suggest a period of short-term predictability, though experts recommend monitoring daily updates closely.

As Nigeria’s forex landscape evolves, stakeholders emphasize the importance of transparent transactions to avoid unnecessary spreads in an already challenging environment.