The naira maintained relative stability against the United States dollar on Thursday, June 18, 2026, as market participants continued to monitor foreign exchange liquidity and demand conditions.
According to data from the Central Bank of Nigeria, the local currency traded around the ₦1,360 mark at the Nigerian Foreign Exchange Market (NFEM), reflecting the continued effects of recent foreign exchange reforms and efforts to improve transparency in the market.
In the parallel market, commonly referred to as the black market, the dollar exchanged at about ₦1,400. Bureau de change operators and market sources quoted buying rates between ₦1,392 and ₦1,395, while selling rates ranged from ₦1,400 to ₦1,402 per dollar.
Read Also:
Naira now N1,389/$ in parallel market
The difference between the official and parallel market rates remained relatively narrow compared to periods of severe currency volatility, a development analysts attribute to stronger foreign exchange inflows, improved market regulation and measures aimed at increasing liquidity.
Exchange Rate Highlights for June 18, 2026
Official NFEM rate: approximately ₦1,360 per dollar.
Parallel market buying rate: between ₦1,392 and ₦1,395 per dollar.
Parallel market selling rate: between ₦1,400 and ₦1,402 per dollar.
Experts note that exchange rates may differ depending on location, transaction size and individual dealers. Market prices can also fluctuate during the day in response to changes in supply and demand.
