The Nigerian naira maintained relative stability against the United States dollar on Friday, June 12, 2026, in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
Recent figures from the Central Bank of Nigeria’s NFEM platform showed the naira trading at about ₦1,362 to the dollar, following gains recorded in the official market earlier in the week. Market records indicated that the official exchange rate had fluctuated between ₦1,360 and ₦1,375 per dollar in recent trading sessions.
In the parallel market, commonly referred to as the black market, the dollar traded between ₦1,395 and ₦1,400, depending on location and dealer pricing. Buying rates were estimated at between ₦1,380 and ₦1,390 per dollar.
The difference between the official and parallel market rates remained relatively narrow compared to previous years, a trend attributed to improved liquidity in the foreign exchange market and ongoing reforms aimed at boosting transparency in forex transactions.
At the prevailing rates, $100 would exchange for roughly ₦136,200 at the official NFEM window and between ₦139,500 and ₦140,000 in the parallel market.
Traders and businesses continue to keep a close watch on foreign exchange supply, demand trends and monetary policy decisions, which remain major factors influencing the naira’s performance against global currencies.
Dollar-to-naira exchange rates as of June 12, 2026:
- Official NFEM rate: approximately ₦1,362/$
- Parallel market rate: approximately ₦1,395–₦1,400/$
Exchange rates may vary slightly across banks, bureaux de change and different parallel market locations.