Aboki Naira to Dollar Black Market Exchange Rate Today, 4th July 2026
Currency traders in Nigeria’s parallel market reported stable trading conditions for the US dollar on Saturday, with the black market exchange rate hovering around ₦1,400 to ₦1,410 per dollar in major cities including Lagos, Abuja, and Kano. Dealers quoted buying rates near ₦1,395 to ₦1,400, reflecting minimal shifts from Friday’s levels amid cautious demand from importers and travelers.
This stability in the black market comes as the naira posted gains in the official foreign exchange window, closing at approximately ₦1,372.41 against the greenback, according to recent market updates. The appreciation of over ₦7 in the interbank segment highlights improved liquidity and central bank interventions aimed at narrowing the gap between official and parallel rates.
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Market participants noted that supply of dollars remained moderate, supported by remittances and some oil-related inflows, though seasonal pressures from school fees and holidays kept buyers active. “The rate is not moving much today because many bureaux are closed for the weekend, but we expect steady trading next week,” one Lagos-based dealer said.
Analysts attribute the recent resilience of the naira to ongoing efforts by monetary authorities to unify exchange rates and boost investor confidence. Over the past week, the parallel market dollar has seen only modest increases, rising by about ₦10 from late June levels, indicating a period of relative calm after earlier volatility.
For businesses and individuals relying on the parallel market, the current spread between buy and sell rates stands at roughly ₦10 to ₦15, making transactions predictable in the short term. Euro and pound sterling rates followed suit, trading at around ₦1,630 and ₦1,880 respectively in the black market.
As Nigeria continues to navigate economic reforms, stakeholders are watching for further policy signals that could influence forex availability in the coming days. Investors are advised to monitor updates closely, as rates can fluctuate based on global oil prices and domestic economic data.
