Dollar to Naira Today: Latest Exchange Rate For July 7, 2026

The Nigerian naira continued to trade at different rates across the parallel and official foreign exchange markets, reflecting the persistent gap between both segments of the country’s forex market.

According to Ireporter Online, the United States dollar exchanged at ₦1,415 for sellers and ₦1,402 for buyers at the Lagos parallel market, commonly referred to as the black market or Aboki FX. The rates were obtained from Bureau De Change (BDC) operators on July 6, 2026.

In the official market, data showed that the Central Bank of Nigeria (CBN) recorded the highest exchange rate for the dollar at ₦1,371, while the lowest rate stood at ₦1,366.

The apex bank has consistently maintained that it does not recognize transactions carried out in the parallel market. It has advised individuals and businesses seeking foreign exchange to conduct such transactions through authorized financial institutions and licensed banks.

Foreign exchange dealers also noted that black market rates are subject to fluctuations depending on demand, supply and location, meaning the actual buying and selling prices may vary from one trader or market to another.