The Nigerian naira maintained relative stability against the United States dollar on Friday, June 26, 2026, in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders continued to assess liquidity levels and foreign exchange inflows.
Data from the Nigerian Foreign Exchange Market showed the naira trading at about ₦1,374.76 to the dollar on Friday, with recent official figures indicating the exchange rate has largely remained within the ₦1,370 range in recent trading sessions.
At the current official rate, $100 would exchange for about ₦137,476, while $1,000 would be valued at roughly ₦1.37 million.
Exchange rate data released by the Central Bank of Nigeria for June 25 showed an NFEM rate of ₦1,380.1079 per dollar, with the highest rate recorded at ₦1,390.50 and the lowest at ₦1,376.00, highlighting continued stability in the official market.
In the parallel market, commonly referred to as the black market, Bureau De Change operators in Lagos quoted the dollar at approximately ₦1,388 for buying and ₦1,400 for selling on Thursday, though rates varied slightly based on location and transaction volume.
At the prevailing black market rate, $100 would exchange for around ₦140,000, while $1,000 would be worth about ₦1.4 million.
Foreign exchange analysts said the naira’s performance in the coming weeks will largely depend on dollar inflows from crude oil exports, diaspora remittances, foreign portfolio investments, and interventions by the Central Bank of Nigeria aimed at boosting liquidity in the forex market.
They added that the relatively narrow gap between the official and parallel market rates suggests continued convergence in Nigeria’s foreign exchange market.
As of Friday, June 26, 2026, the indicative exchange rates are:
Official NFEM rate: approximately ₦1,374.76 per US dollar.
Parallel market rate: approximately ₦1,388/$ (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.