The Nigerian naira opened trading on Tuesday, June 30, 2026, at an official exchange rate of ₦1,379.80 to one United States dollar at the Nigerian Foreign Exchange Market (NFEM).
The local currency remained within the ₦1,370 to ₦1,380 range recorded in recent trading sessions as investors and market participants continued to monitor foreign exchange liquidity and demand for the dollar.
According to data from the Central Bank of Nigeria (CBN), the official market closed at ₦1,379.80 per dollar.
In the parallel market, commonly known as the black market, the dollar traded at about ₦1,385 for buying and ₦1,400 for selling in major cities such as Lagos and Abuja.
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At the prevailing rates, buying $100 in the parallel market would cost around ₦140,000, while the same amount would be valued at approximately ₦137,980 at the official market rate.
The gap between the official and parallel market rates remained relatively small at about ₦20 per dollar, reflecting the improved stability seen in Nigeria's foreign exchange market in recent months.
However, exchange rates may vary slightly across commercial banks, bureaux de change and currency dealers depending on transaction size, location and market conditions.
