Dollar to Naira exchange rate today, July 2, 2026

The Nigerian naira traded with relative stability against the United States dollar on Thursday, July 2, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as the gap between both segments remained narrow.

According to live foreign exchange data, the official NFEM exchange rate stood at approximately ₦1,374.18 per US dollar on Thursday morning. The rate reflects transactions in Nigeria’s official foreign exchange market and is based on the volume-weighted average of completed trades.

In the parallel market, also known as the black market, the naira strengthened further, with the dollar quoted at around ₦1,385 per dollar, compared with about ₦1,390 recorded a day earlier.

The appreciation in the parallel market comes after similar gains in the official market. Data released by the Central Bank of Nigeria showed that the NFEM rate improved from around ₦1,376 per dollar to about ₦1,369 in the previous trading session before settling near Thursday’s level.

Market participants attributed the relatively stable exchange rate to sustained foreign exchange liquidity and the Central Bank’s ongoing reforms aimed at improving transparency and efficiency in the foreign exchange market. Analysts say the direction of the naira in the coming days will continue to depend on foreign exchange inflows, import demand, external reserves and overall market sentiment.

For currency conversions, the prevailing official rate implies that:

$1 = approximately ₦1,374.18

$10 = approximately ₦13,741.80

$100 = approximately ₦137,418

$1,000 = approximately ₦1,374,180

Exchange rates in the parallel market may vary slightly depending on location, dealer and transaction size. Likewise, official NFEM rates fluctuate throughout the trading day as new transactions are executed.

The post Dollar to Naira exchange rate today, July 2, 2026 appeared first on Vanguard News.