The naira recorded mixed performance against the United States dollar on Saturday, July 4, 2026, across the parallel and official foreign exchange markets.
At the Lagos parallel market, popularly known as the black market, currency traders sold the dollar at ₦1,410 and bought at ₦1,395 on Friday, July 3, according to Bureau De Change operators.
This means Nigerians looking to exchange dollars in the unofficial market could sell at ₦1,395 and buy at ₦1,410.
The Central Bank of Nigeria (CBN) has continued to maintain that it does not recognise the parallel market, advising individuals seeking foreign exchange transactions to use authorised banking channels.
At the official market, the dollar traded within a narrower range, with the highest exchange rate recorded at ₦1,373 and the lowest at ₦1,369.
The figures indicate that while the naira remains relatively stable in the official window, pressure persists in the parallel market.