🔥 Trending Dollar to Naira Exchange Rate on July 6, 2026

The exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) on July 6, 2026, shows a notable difference between the official market and the parallel (black) market.

Official Market Exchange Rate

On July 6, 2026, the Naira traded at approximately ₦1,370.33 per US Dollar in the official Nigerian Foreign Exchange Market (NFEM) ⁴⁶⁷. This rate reflects a period of relative stability in the country's foreign exchange market ²⁷. Specifically, data released by the Central Bank of Nigeria (CBN) for July 3, 2026, showed the Naira at ₦1,370.19 per dollar, a slight increase from ₦1,370.15 per dollar on July 2, 2026 ³.

Parallel Market Exchange Rate

In contrast, the parallel market (also known as the black market) exhibited a different rate. On July 5, 2026, Bureau De Change (BDC) sources reported that dollar to naira exchange rates were ₦1,410 for selling and ₦1,395 for buying in the Lagos Parallel Market ¹. On July 6, 2026, the dollar was generally selling for about ₦1,400 in the parallel market ⁴.

Summary of Exchange Rates (July 6, 2026)

• Official Market: Approximately ₦1,370.33 per US Dollar ⁴⁶⁷
• Parallel Market: Selling at around ₦1,400 per US Dollar ⁴, with buying rates around ₦1,395 and selling rates up to ₦1,410 reported on July 5, 2026 ¹.

This disparity highlights the ongoing dual exchange rate system in Nigeria, where official rates are often lower than those found in the unofficial parallel market ⁵.