Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira traded at about ₦1,357.26 per dollar at the official window on Monday morning.
This reflects a slight appreciation from levels above ₦1,360/$ recorded in early June.
Recent market data indicated that the currency had recorded modest gains at the official market in the first week of the month, supported by improved supply conditions.
Figures published on the Central Bank of Nigeria’s trading platform showed that the naira exchanged at ₦1,357.2615 per dollar, compared with ₦1,361.0497 previously, representing a gain of about ₦3.79.
Analysts say the currency’s short-term outlook will largely depend on foreign exchange inflows, foreign portfolio investment activity, crude oil earnings, and overall liquidity in the market.
As of June 8, 2026, this implies that $100 exchanged for approximately ₦135,726 at the NFEM official window.
