The Nigerian naira maintained a relatively stable position against the United States dollar on Wednesday, June 10, 2026, in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders continued to assess foreign exchange supply and market liquidity.
According to data from the Central Bank of Nigeria’s exchange rate portal, the official NFEM rate closed at approximately ₦1,360.55 per dollar on June 9, showing only a slight movement from the previous closing rate of ₦1,359.50 per dollar. The NFEM rate remains the official benchmark for foreign exchange transactions across the country.
In the parallel market, popularly known as the black market, the dollar traded between ₦1,390 and ₦1,405, depending on location and transaction size. Market operators reported average buying rates ranging from ₦1,390 to ₦1,395, while selling rates hovered between ₦1,400 and ₦1,405 per dollar.
The difference between the official and parallel market rates remained relatively narrow, ranging from about ₦30 to ₦45 per dollar. Analysts say this reflects ongoing efforts to achieve greater exchange rate convergence and improve stability in the foreign exchange market.
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Dollar to Naira exchange rate today, June 9, 2026
Exchange Rate Summary (June 10, 2026):
Official NFEM rate: ₦1,360.55/$
Parallel market buying rate: ₦1,390–₦1,395/$
Parallel market selling rate: ₦1,400–₦1,405/$
Recent market trends indicate that the naira has recorded modest gains in the official market over the past week, with the dollar trading within the ₦1,360 to ₦1,375 range.
Currency dealers, however, noted that actual exchange rates may vary across different cities and transactions due to fluctuations in demand, supply levels, and the volume of foreign exchange being traded.
