US Dollar to Naira Black Market Rate Today — 4 July 2026

US Dollar to Naira Exchange Rate Today — 4 July 2026

The US Dollar (USD) to Nigerian Naira (NGN) black market exchange rate today, 4 July 2026, is ₦1,634 per USD. This is the parallel market rate as reported by bureau de change (BDC) operators and street traders across Lagos, Abuja, and other major Nigerian cities.

The buying rate — the rate at which BDCs purchase USD — is ₦1,618. The selling rate — the rate at which you can buy USD — is ₦1,634. The spread between buying and selling is ₦16.

CBN Official vs Black Market Rate

The Central Bank of Nigeria (CBN) official rate for USD/NGN is ₦1,371. The black market rate of ₦1,634 represents a premium of approximately 19.2% above the official rate. This gap reflects the demand-supply imbalance in the Nigerian foreign exchange market.

Where to Get the Best USD to Naira Rate

Black market rates are typically available through licensed Bureau de Change (BDC) operators, parallel market dealers, and peer-to-peer (P2P) platforms. Always verify rates before transacting and use licensed operators where possible. Rates vary by location and volume.

Factors Affecting the USD/NGN Rate

The US Dollar to Naira exchange rate is influenced by: CBN monetary policy, oil price fluctuations, foreign remittances, import demand, diaspora transfers, and overall foreign exchange supply in Nigeria.