Aboki Naira to Dollar Black Market Exchange Rate Today, 2nd July 2026

As of Thursday, July 2, 2026, the Nigerian naira maintained a relatively stable position in the black market, with traders exchanging one US dollar for between ₦1,395 and ₦1,403.

Currency dealers in major cities like Lagos, Abuja, and Kano reported buying dollars at around ₦1,395 while selling them at up to ₦1,403, reflecting modest spreads amid ongoing demand for foreign currency.

This parallel market rate sits slightly above the Central Bank of Nigeria’s official window, where the dollar traded near ₦1,372 earlier in the week. The gap between official and street rates continues to highlight persistent pressures on the local currency, driven by import needs, remittances, and limited dollar supply in formal channels.

Market participants noted limited volatility throughout the day, with some observers attributing the calm to steady inflows from diaspora remittances and recent interventions aimed at boosting liquidity.

However, analysts warn that seasonal import demands and global oil price movements could influence future trends. Importers and travelers remain cautious, often seeking competitive deals across different dealers to minimize costs.

For context, similar rates prevailed on July 1, with the dollar changing hands at approximately ₦1,390 to ₦1,400 in the parallel segment. Economic stakeholders continue to monitor developments closely, as any significant shift could impact inflation, business operations, and household expenses across the country.

Experts recommend verifying live quotes directly with trusted bureau de change operators, as rates can fluctuate hourly based on location and transaction volume.

Nigerians planning foreign transactions are advised to compare options between the official and parallel markets while staying informed on policy updates from the Central Bank.