Aboki Naira to Dollar Black Market Exchange Rate Today, 5th July 2026

The Nigerian naira maintained a relatively stable position against the US dollar in the black market today, with traders quoting the greenback at around ₦1,400 for selling and ₦1,385 for buying.

This rate reflects minimal movement from the previous trading session, as currency dealers in major cities including Lagos, Abuja, and Kano continued to navigate tight dollar supply conditions amid ongoing economic pressures.

Market participants reported brisk activity early in the day, driven largely by demand from businesses and individuals seeking foreign exchange for imports and travel.

Despite the Central Bank of Nigeria’s official rate closing near ₦1,372 per dollar in recent sessions, the parallel market premium persisted, highlighting the persistent gap between formal and informal forex channels.

Analysts attribute the current stability to a combination of factors, including moderated interventions by monetary authorities and seasonal inflows from remittances.

However, challenges such as inflationary pressures and limited crude oil export earnings continue to weigh on the local currency’s broader outlook. Some traders expressed caution about potential volatility later in the week, depending on fresh policy announcements from the apex bank.

For context, the pound sterling traded at approximately ₦1,878, selling in the black market, while the euro hovered around ₦1,625. These figures underscore the naira’s mixed performance across major currencies in the informal segment.

As Nigeria grapples with efforts to unify exchange rates and boost investor confidence, stakeholders urge sustained reforms to narrow the disparity between official and parallel markets.

Residents and businesses are advised to monitor updates closely, as rates can shift rapidly based on supply dynamics.