The Nigerian naira maintained relative stability against the United States dollar on Friday, June 12, 2026, in both the official and parallel foreign exchange markets.
According to data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM), the naira traded at about ₦1,362 to the dollar. The local currency has largely remained within the ₦1,360 to ₦1,375 range in recent trading sessions following modest gains recorded during the week.
In the parallel market, commonly referred to as the black market, the dollar exchanged between ₦1,395 and ₦1,400, depending on location and dealer rates. Buying prices ranged from around ₦1,380 to ₦1,390 per dollar.
The difference between the official and parallel market rates remained relatively narrow, a trend analysts attribute to improved liquidity in the foreign exchange market and ongoing reforms aimed at increasing transparency and efficiency in forex transactions.
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At the prevailing rates, $100 was valued at approximately ₦136,200 at the official market and between ₦139,500 and ₦140,000 in the parallel market.
Traders and businesses are continuing to monitor developments in foreign exchange supply, market demand and monetary policy decisions, which remain key factors affecting the performance of the naira.
As of June 12, 2026, the exchange rates stood at:
Official NFEM rate: about ₦1,362 per dollar
Parallel market rate: between ₦1,395 and ₦1,400 per dollar
Exchange rates may vary slightly across banks, Bureau de Change operators and different locations.
