Naira exchange rate today July 3 2026 —The Nigerian naira traded relatively stable on Friday, with a modest gap between the official foreign exchange market and the parallel (black) market. The official exchange rate remained below the street market rate as demand for foreign currency continued to outpace supply in the informal market.
The cryptocurrency market recorded mixed trading, with Bitcoin remaining above ₦80 million while Ethereum traded above ₦2.2 million. Investors continued to monitor global economic developments and institutional demand for digital assets.
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Naira exchange rate today July 3 2026: Official and Black Market Exchange Rates
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,372.41 | 1,385 | 1,400 |
| British Pound (GBP) | 1,821.73 | 1,848 | 1,878 |
| Euro (EUR) | 1,565.37 | 1,580 | 1,625 |
| Canadian Dollar (CAD) | 990 | 993 | 1,000 |
| Saudi Riyal (SAR) | 366 | 372 | 376 |
| UAE Dirham (AED) | 374 | 380 | 384 |
| Chinese Yuan (CNY) | 191 | 198 | 203 |
| South African Rand (ZAR) | 77 | 79 | 81 |
Note: Parallel market exchange rates may vary depending on location, dealer, and transaction volume.
Cryptocurrency Prices
| Cryptocurrency | Price (Approx.) |
|---|---|
| Bitcoin (BTC) | ₦80.8–₦87.0 million |
| Ethereum (ETH) | ₦2.24 million |
| Tether (USDT) | ₦1,398–₦1,400 |
| BNB | ₦860,000 |
| Solana (SOL) | ₦21,000 |
Market Outlook
Analysts expect the naira to remain under pressure in the parallel market as demand for foreign exchange continues to exceed supply. Nevertheless, stronger foreign exchange inflows and sustained interventions by the monetary authorities could help maintain relative stability in the official market.
Meanwhile, cryptocurrency traders are preparing for continued market volatility. Bitcoin remains the dominant digital asset by market capitalization, while Ethereum continues to attract investors due to growing activity in decentralized finance (DeFi) and blockchain applications.
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