The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, June 12, 2026, across both the official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) showed the naira exchanging at approximately ₦1,362 per dollar, sustaining gains recorded earlier in the week. Recent trading data indicated that the official exchange rate had fluctuated between ₦1,360 and ₦1,375/$ in recent sessions.
In the parallel market, commonly referred to as the black market, the dollar traded between ₦1,395 and ₦1,400 on Friday, depending on location and dealer quotes. Buying rates were reported at around ₦1,380 to ₦1,390 per dollar.
The gap between the official and parallel market rates remained relatively narrow compared with previous years, reflecting improved liquidity conditions and the impact of ongoing foreign exchange reforms aimed at promoting transparency and efficiency in the market.
At the prevailing rates, $100 would exchange for approximately ₦136,200 at the official NFEM window and between ₦139,500 and ₦140,000 in the parallel market.
Market participants continue to monitor foreign exchange inflows, demand pressures, and monetary policy developments, which remain key drivers of the naira’s performance against major global currencies.
At a glance, the dollar-to-naira exchange rate on June 12, 2026, stood at approximately ₦1,362 per dollar in the official NFEM market and between ₦1,395 and ₦1,400 per dollar in the parallel market.
Exchange rates may vary slightly across banks, bureaux de change, and parallel market locations.
