The Nigerian naira remained relatively stable against the United States dollar on Friday, June 26, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders continued to monitor liquidity conditions and foreign exchange inflows.

Data from the Nigerian Foreign Exchange Market showed that the naira traded at around ₦1,374.76 to the dollar on Friday, with recent official market data indicating that the exchange rate has continued to hover within the ₦1,370 band in recent sessions.

Based on the prevailing official rate, $100 would exchange for approximately ₦137,476, while $1,000 would be worth about ₦1.37 million.

The Central Bank of Nigeria’s exchange rate data for June 25 showed an NFEM rate of ₦1,380.1079 per dollar, with the highest rate at ₦1,390.50 and the lowest at ₦1,376.00, underscoring the relative stability in the official market.

At the parallel market, also known as the black market, Bureau De Change operators in Lagos quoted the dollar at about ₦1,388 for buying and ₦1,400 for selling on Thursday, with rates varying slightly depending on location and transaction size.

At the prevailing black market rate, $100 would exchange for around ₦140,000, while $1,000 would fetch approximately ₦1.4 million.

Foreign exchange analysts say movements in the naira in the coming weeks will continue to depend on dollar inflows from crude oil exports, diaspora remittances, foreign portfolio investments and interventions by the Central Bank of Nigeria aimed at improving liquidity in the foreign exchange market. The relatively narrow spread between the official and parallel market rates also suggests continued convergence in Nigeria’s foreign exchange market.

As of Friday, June 26, 2026, the indicative exchange rates are:

Official NFEM rate: approximately ₦1,374.76 per US dollar.

Parallel market rate: approximately ₦1,388/$ (buy) and ₦1,400/$ (sell).

Exchange rates may vary slightly across banks, bureaux de change and parallel market dealers depending on transaction size and location.

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