NGN black market rate on Jul 1, 2026: 1,388 per USD
On Wednesday, July 1, 2026, the US dollar traded at about 1,388 NGN on Nigeria's parallel (black) market at the close of observations. The day opened at 1,392 NGN, reached a high of 1,393 and a low of 1,387, a trading range of 6.43 NGN (0.46%).
Across 288 observations, the average price to buy dollars was 1,389 NGN and the average price received when selling dollars was 1,396 NGN. Over the session the Nigerian Naira strengthened against the dollar (-0.28% from open to close).
Official rate vs black market rate on Jul 1, 2026
The official exchange rate published for Nigeria on this date was 1,376 NGN per USD. The parallel-market close of 1,388 NGN therefore implied a premium of +0.89% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Jul 1, 2026 compares
Compared with the previous observed day (Jun 30, 2026, close 1,393 NGN), the rate moved -0.32%.
One week earlier (Jun 24, 2026) the close was 1,398 NGN, so the weekly change was -0.71%.
How this daily figure is produced
ETCurrency samples Nigeria's USD/NGN parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Jul 1, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Nigerian Naira black market rate on Jul 1, 2026?
- The USD to NGN parallel market rate closed at approximately 1,388 NGN per US dollar on Wednesday, July 1, 2026, after trading between 1,387 and 1,393 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,392 to a close of 1,388 NGN, the parallel rate moved -0.28% on Jul 1, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,376 NGN per USD versus a parallel close of 1,388 NGN, a premium of +0.89%.
- Was the NGN black market rate higher or lower than the day before?
- Lower: the previous observed close was 1,393 NGN on Jun 30, 2026, a change of -0.32%.
Figures are aggregated parallel-market observations for Nigeria in UTC and are indicative only; they are not a quote to trade. See the full USD → Nigerian Naira history or today's live rate.