The Nigerian naira remained relatively stable against the United States dollar on Wednesday, June 10, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as market participants continued to monitor foreign exchange liquidity and demand conditions.
According to data from the Central Bank of Nigeria’s exchange rate portal, the naira closed at approximately ₦1,360.55 per dollar in the official NFEM on June 9, the latest available trading session, compared with a closing rate of ₦1,359.50/$ recorded previously.
As of June 10, the official exchange rate hovered around ₦1,360.55/$, while the dollar traded between ₦1,400 and ₦1,405/$ in the parallel market.
Recent market trends indicate that the local currency has recorded modest gains in the official market over the past week, with the naira trading within the ₦1,360–₦1,375/$ range amid improved foreign exchange supply and relative market stability.
Currency traders and investors continued to monitor liquidity levels and demand pressures, particularly from importers, manufacturers, and other foreign exchange users, for indications of the naira’s near-term direction.
As of June 10, 2026, the official NFEM exchange rate stood at approximately ₦1,360.55 per dollar, while the parallel market rate ranged between ₦1,400 and ₦1,405 per dollar.
Foreign exchange rates may vary across banks, bureaux de change, and regions depending on prevailing market conditions and transaction volumes.
