The naira traded largely stable against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets, as traders continued to monitor liquidity levels and foreign exchange supply.
Data from the Nigerian Foreign Exchange Market (NFEM) showed the local currency remained near the ₦1,370-per-dollar mark. The latest available figures indicated that the naira closed at approximately ₦1,372.76/$ at the end of Wednesday’s trading session.
At this official rate, $100 would convert to about ₦137,276, while $1,000 would be worth approximately ₦1.37 million.
In the parallel market, commonly referred to as the black market, the dollar traded at around ₦1,395/$ for buying and between ₦1,405 and ₦1,408/$ for selling, depending on location and dealer margins.
Based on prevailing parallel market rates, $100 would exchange for roughly ₦140,500 to ₦140,800.
The gap between official and parallel market rates remained relatively narrow compared with the wider disparities seen in previous years, suggesting continued progress in efforts to improve market liquidity and promote exchange-rate convergence.
Analysts note that the naira’s performance in the coming weeks will largely depend on the strength of dollar inflows from oil exports, foreign portfolio investments, diaspora remittances, and interventions by the Central Bank of Nigeria aimed at supporting liquidity in the foreign exchange market.
Indicative exchange rates as of June 25, 2026:
- Official NFEM rate: approximately ₦1,372.76 per US dollar.
- Parallel market rate: approximately ₦1,395/$ (buy) and ₦1,405–₦1,408/$ (sell).
