The Nigerian naira traded within a relatively stable range against the United States dollar at both the official and parallel foreign exchange markets on Friday, June 19, 2026, as investors and businesses continued to monitor liquidity conditions and demand pressures in the currency market.
Latest data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) showed the naira trading around the ₦1,360/$ range at the official window, continuing the trend of relative stability recorded in recent sessions. The official exchange rate hovered between ₦1,357 and ₦1,364 per dollar based on recent market data and trading activity.
Market analysts attributed the naira’s resilience at the official window to ongoing foreign exchange reforms, improved transparency in the market and sustained dollar supply from authorised dealers. Recent reports indicated that the official market has largely remained within the ₦1,360 band despite fluctuations in global currency markets.
At the parallel market, commonly referred to as the black market, the dollar traded at about ₦1,390 to ₦1,400 per dollar for buying and selling transactions, depending on location and dealer quotes. The spread between the official and parallel market rates remained relatively narrow compared with previous years.
Currency market data from recent trading sessions showed the official NFEM rate around ₦1,360–₦1,373 per dollar, while Bureau de Change and parallel market operators quoted rates largely within the ₦1,390–₦1,400 range.
Based on prevailing rates, $100 would exchange for approximately ₦136,000 at the official NFEM window and about ₦139,000 to ₦140,000 in the parallel market.
Foreign exchange traders say market participants are closely watching inflows from exports, foreign portfolio investments and remittances, which remain key factors influencing the naira’s performance against the dollar in the coming weeks.
