The naira maintained relative stability against the United States dollar on Thursday, June 25, 2026, in both the official and parallel foreign exchange markets, as traders continued to assess liquidity levels and forex supply.
Data from the Nigerian Foreign Exchange Market (NFEM) showed the official exchange rate hovering around ₦1,370 to the dollar, with the latest market data indicating the naira closed at about ₦1,372.76 per dollar during Wednesday’s trading session.
At the official rate, $100 would exchange for approximately ₦137,276, while $1,000 would be valued at roughly ₦1.37 million.
In the parallel market, commonly referred to as the black market, the dollar traded at around ₦1,395 for buying and between ₦1,405 and ₦1,408 for selling, depending on location and dealer margins.
Based on the prevailing parallel market rates, $100 would exchange for about ₦140,500 to ₦140,800.
The gap between official and parallel market rates remained relatively narrow compared to the wide disparities seen in previous years, signalling ongoing efforts by monetary authorities to boost liquidity and encourage convergence in Nigeria’s foreign exchange market.
Analysts said the movement of the naira will continue to be influenced by dollar inflows from oil exports, foreign portfolio investments, diaspora remittances, and interventions by the Central Bank of Nigeria in the forex market.
As of June 25, 2026, the indicative exchange rates are:
Official NFEM rate: approximately ₦1,372.76 per US dollar.
Parallel market rate: approximately ₦1,395/$ (buy) and ₦1,405–₦1,408/$ (sell).