The naira maintained a relatively stable position against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets, as traders continued to assess liquidity levels and foreign currency supply.
Latest figures from the Nigerian Foreign Exchange Market (NFEM) showed the naira trading at around ₦1,372.76 per dollar, reflecting only minor fluctuations from previous trading sessions.
At the official market rate, $100 exchanged for approximately ₦137,276, while $1,000 was valued at about ₦1.37 million.
In the parallel market, commonly referred to as the black market, the dollar traded at about ₦1,395 for buying and between ₦1,405 and ₦1,408 for selling, depending on location and dealer pricing.
This means $100 exchanged for roughly ₦140,500 to ₦140,800 in the parallel market.
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The difference between the official and black market rates remained relatively narrow compared to the wider gaps seen in previous years. Analysts attribute this trend to ongoing foreign exchange reforms and efforts by monetary authorities to improve dollar liquidity and encourage rate convergence.
Market observers note that the future direction of the naira will largely depend on factors such as oil export earnings, foreign investment inflows, diaspora remittances, and interventions by the Central Bank of Nigeria.
Exchange Rates as of June 25, 2026:
Official NFEM Rate: ₦1,372.76 per US dollar
Parallel Market Rate: ₦1,395/$ (buying) and ₦1,405–₦1,408/$ (selling)
