The Nigerian naira opened trading at an official exchange rate of ₦1,379.80 to the United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, June 30, 2026, according to the latest market data.
The latest figure shows the naira maintaining the ₦1,370 to ₦1,380 range recorded in recent sessions as traders continue to monitor foreign exchange liquidity and demand for dollars. Data from the Central Bank of Nigeria (CBN) showed the official market closed at ₦1,379.80/$1 on June 30.
At the parallel market, commonly known as the black market, the dollar traded at about ₦1,385 for buying and ₦1,400 for selling across major trading centres, including Lagos and Abuja, based on rates from market trackers and currency dealers.
This means Nigerians looking to buy $100 from the parallel market would need about ₦140,000, while the same amount would cost roughly ₦137,980 at the official NFEM rate.
The gap between the official and parallel market rates remained relatively narrow at around ₦20 per dollar, reflecting improved stability in the foreign exchange market compared with the wider margins recorded in previous months.
Exchange rates may vary slightly across banks, bureaux de change and black market locations depending on transaction size, demand and prevailing market conditions.