The Nigerian naira traded within a relatively stable range on Wednesday, July 1, 2026, across both the official foreign exchange market and the parallel (black) market. The gap between the two markets remained relatively narrow as traders monitored demand for foreign currency and liquidity conditions.
Naira Exchange Rate Today
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,383.63 | 1,385 | 1,400 |
| British Pound (GBP) | 1,831.64 | 1,848 | 1,878 |
| Euro (EUR) | 1,578.03 | 1,580 | 1,625 |
| Canadian Dollar (CAD) | 990.00 | 993 | 1,000 |
| Saudi Riyal (SAR) | 362.00* | 368.16 | 368.43 |
| Japanese Yen (JPY) | 9.00* | 8.54 | 8.55 |
| Swiss Franc (CHF) | 1,724.00* | 1,709.48 | 1,710.71 |
| Danish Krone (DKK) | 209.00* | 210.94 | 211.09 |
| Australian Dollar (AUD) | 1,000.00* | — | 1,000 |
*Approximate official market reference where available. Exchange rates may vary slightly across banks, Bureau De Change operators, and locations.
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Cryptocurrency Market Snapshot
| Cryptocurrency | Market Trend |
|---|---|
| Bitcoin (BTC) | Stable with slight gains |
| Ethereum (ETH) | Trading higher |
| BNB | Relatively stable |
| Solana (SOL) | Slight upward movement |
| XRP | Mixed trading |
| Dogecoin (DOGE) | Mild gains |
Market Outlook
Foreign exchange analysts expect the naira to remain largely range-bound in the near term as the Central Bank of Nigeria continues efforts to improve liquidity in the official foreign exchange market. Meanwhile, the cryptocurrency market is expected to remain volatile as investors react to global economic data, interest rate expectations, and institutional demand for digital assets.
Investors and businesses are advised to verify exchange rates before completing foreign exchange transactions, as black market prices may vary by city and dealer.
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