The Nigerian naira maintained a relatively stable performance against the United States dollar on Tuesday, June 9, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, supported by ongoing efforts to improve liquidity in the FX market.
Data from the Central Bank of Nigeria’s exchange rate portal indicated that the official NFEM rate was about ₦1,362.21 per dollar in the latest trading session, with closing levels around ₦1,365.00/$, while transactions were recorded within the ₦1,360–₦1,366 range.
Market figures on June 9 also showed the naira sustaining recent gains, with the USD/NGN rate hovering around ₦1,360.12 per dollar in the official window. Analysts observed that the currency has appreciated over the past month, driven by improved foreign exchange inflows.
In the parallel market, also known as the black market, the dollar was sold at roughly ₦1,400 per dollar and bought at about ₦1,390 per dollar on Tuesday, creating a gap of approximately ₦38 between both markets.
The relatively narrow difference between official and parallel market rates points to ongoing convergence, supported by FX reforms and improved liquidity conditions. Recent reports also showed that the naira recorded steady gains in early June before stabilising this week.
Traders attributed the stability to moderate demand from importers and businesses, which has helped the naira remain steady despite continued pressure from manufacturers, travellers, and other FX users.
As of today, the rates are:
Official NFEM rate: about ₦1,362.21/$
Official market closing rate: about ₦1,365/$
Parallel market buying rate: about ₦1,390/$
Parallel market selling rate: about ₦1,400/$
Foreign exchange rates may still vary across banks, bureaux de change, and regions depending on demand and transaction volumes.