Naira exchange rate today SOJWORLDNEWS – The Nigerian naira traded relatively stable on Tuesday, July 7, 2026, as improved foreign exchange liquidity continued to support the official market. The gap between the official and parallel (black) market rates remained relatively narrow, although exchange rates may vary slightly across cities and Bureau De Change operators.
Market analysts said the Central Bank’s sustained efforts to improve foreign exchange supply have helped stabilize the naira in recent weeks. However, they warned that demand pressures and global economic developments could still influence market movements.
SEE ALSO: Tompolo vs John Togo: How Two Niger Delta Militant Leaders Chose Opposite Paths
Naira exchange rate today Today July 7, 2026: Official And Black Market Exchange Rates
| Currency | Official Rate (₦) | Black Market Rate (₦) |
|---|---|---|
| US Dollar (USD) | 1,375 | 1,404 |
| British Pound (GBP) | 1,822 | 1,873 |
| Euro (EUR) | 1,565 | 1,625 |
| Canadian Dollar (CAD) | 990 | 989–1,000 |
| Chinese Yuan (CNY) | 191 | 204 |
| UAE Dirham (AED) | 375 | 376 |
| Saudi Riyal (SAR) | 367 | 375 |
| Japanese Yen (JPY) | 9.4 | 9.7 |
Cryptocurrency Market Update
The cryptocurrency market traded mixed on Tuesday as investors continued to monitor global economic developments and institutional demand.
| Cryptocurrency | Approximate Price (₦) |
|---|---|
| Bitcoin (BTC) | ₦84.38 million |
| Ethereum (ETH) | ₦2.37 million |
| BNB | ₦870,000 |
| Solana (SOL) | ₦225,000 |
| XRP | ₦4,000 |
Market Outlook
Financial analysts expect the naira to remain relatively stable this week if foreign exchange inflows continue to improve and demand remains under control. Meanwhile, cryptocurrency prices are expected to remain volatile as investors react to global economic data, monetary policy expectations, and market sentiment.
Disclaimer: Foreign exchange and cryptocurrency prices change frequently throughout the trading day. The figures above represent prevailing market rates at the time of publication and may vary by location and trading platform.
Leave a Reply