The Nigerian naira traded on a relatively stable note against the United States dollar on Tuesday, June 9, 2026, across both the official and parallel foreign exchange markets, as the country continues efforts to improve liquidity and stabilise its FX environment.
According to data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) platform, the official exchange rate hovered around ₦1,362.21 per dollar during the latest trading session. The currency also closed near ₦1,365/$, with intraday transactions moving within the ₦1,360 to ₦1,366 range.
Market figures further showed that the naira has maintained modest gains in recent weeks, trading around ₦1,360.12/$ at different points in the official market. Analysts say this reflects improved foreign exchange inflows and tighter market management over the past month.
In the parallel market, however, the dollar exchanged at slightly higher rates, selling at about ₦1,400 and buying at around ₦1,390 on Tuesday. This leaves a gap of roughly ₦38 between the official and black market rates.
Traders say the narrowing difference between both markets points to gradual convergence, supported by ongoing reforms in the foreign exchange system and improved liquidity conditions. They also note that while demand from importers, manufacturers, and travellers remains steady, it has not been strong enough to significantly disrupt recent stability.
Read Also:
Dollar to Naira exchange rate today, June 8, 2026
As of the latest figures, the market rates stood as follows:
Official NFEM rate: ~₦1,362.21/$
Official closing rate: ~₦1,365/$
Parallel market buying rate: ~₦1,390/$
Parallel market selling rate: ~₦1,400/$
However, exchange rates may still vary slightly across banks, bureaux de change, and locations depending on demand and transaction volume.
