Black Market Dollar To Naira Exchange Rate Today, July 4, 2026
The Nigerian naira remained relatively stable against the United States dollar in the parallel foreign exchange market on Saturday, July 4, 2026, as the black market exchange rate hovered around ₦1,400 to the dollar.
Checks across currency trading platforms showed that the dollar exchanged at an average buying rate of ₦1,385 and a selling rate of ₦1,400 in the black market, although rates may vary slightly depending on location, dealer and transaction volume.
At the official Nigerian Foreign Exchange Market (NFEM), the naira traded at approximately ₦1,372.41 to the dollar, maintaining a relatively narrow gap with the parallel market.
The convergence between the official and parallel market rates has continued in recent months, reflecting improved foreign exchange liquidity and ongoing reforms in Nigeria’s forex market. Market analysts, however, noted that black market rates remain unofficial and are largely determined by demand and supply dynamics.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
