Naira exchange rate today 6 July — The Nigerian naira began the week on a relatively stable note across both the official foreign exchange market and the parallel (black) market. However, a gap remains between the official and unofficial exchange rates as demand for foreign currency from importers, travelers and businesses continues to outweigh supply.
At the official market, the naira traded at approximately ₦1,370/$1, while the parallel market exchanged the U.S. dollar at around ₦1,385/$1 (buy) and ₦1,400/$1 (sell). Analysts say the narrowing gap between both markets reflects ongoing efforts by the Central Bank of Nigeria (CBN) to improve liquidity and stabilize the foreign exchange market.
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Naira Exchange Rates Today Monday 6th of July 2026
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,370 | 1,385 | 1,400 |
| British Pound (GBP) | 1,830 | 1,848 | 1,878 |
| Euro (EUR) | 1,568 | 1,580 | 1,625 |
| Canadian Dollar (CAD) | 990 | 993 | 1,000 |
| Chinese Yuan (CNY) | 191 | 202 | 204 |
| UAE Dirham (AED) | 373 | 372 | 376 |
| South African Rand (ZAR) | 79 | 79.6 | 80.4 |
| Saudi Riyal (SAR) | 365 | 371 | 375 |
Note: Black market exchange rates may vary slightly depending on location, dealer and transaction size.
Cryptocurrency Market Update
The cryptocurrency market traded mixed on Monday as investors monitored global economic developments. Bitcoin remained above the ₦80 million mark, while Ethereum and several major altcoins also recorded modest gains.
| Cryptocurrency | Approximate Price (NGN) |
|---|---|
| Bitcoin (BTC) | ₦81.7 million |
| Ethereum (ETH) | ₦2.37 million |
| Binance Coin (BNB) | ₦900,000 |
| Solana (SOL) | ₦220,000 |
| XRP | ₦4,200 |
Market Outlook
Financial analysts expect the naira to remain within its current trading range this week unless there is a significant increase in foreign exchange inflows or a fresh policy announcement from the Central Bank of Nigeria. Cryptocurrency traders will also keep a close watch on global market sentiment, inflation data and institutional investment flows, which are expected to influence digital asset prices in the coming days.
Disclaimer: Exchange rates and cryptocurrency prices are subject to change throughout the day based on market conditions and may differ across banks, licensed dealers and cryptocurrency exchanges.
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