The naira maintained a relatively stable performance against the United States dollar on Friday, June 26, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
At the official market, the naira traded at about ₦1,374.76 per dollar, continuing the steady movement seen over the past few weeks. Recent market data shows the local currency has remained within the ₦1,370 range despite fluctuations in global foreign exchange markets.
At this rate, $100 is worth approximately ₦137,476, while $1,000 exchanges for about ₦1.37 million.
Figures released by the Central Bank of Nigeria for June 25 showed the official exchange rate closing at ₦1,380.1079 per dollar, with the day's highest rate at ₦1,390.50 and the lowest at ₦1,376.00, reflecting continued stability in the official market.
In the parallel market, also known as the black market, Bureau De Change operators quoted the dollar at around ₦1,388 for buying and ₦1,400 for selling, although prices varied slightly depending on location and transaction volume.
At the prevailing black market rate, $100 exchanges for about ₦140,000, while $1,000 is valued at roughly ₦1.4 million.
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Market analysts say the naira's performance in the coming weeks will largely depend on foreign exchange inflows from crude oil exports, diaspora remittances, foreign investments and continued interventions by the Central Bank to improve market liquidity.
They also noted that the relatively narrow gap between the official and parallel market rates suggests that efforts to stabilise and unify Nigeria's foreign exchange market are beginning to show results.
As of Friday, the indicative exchange rates are:
Official NFEM rate: approximately ₦1,374.76/$
Parallel market: approximately ₦1,388/$ (buy) and ₦1,400/$ (sell)
Exchange rates may differ slightly across commercial banks, bureaux de change and parallel market dealers depending on location and transaction size.
