The naira traded relatively stable against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets as market participants continued to monitor liquidity conditions and foreign exchange supply.
Data from the Nigerian Foreign Exchange Market (NFEM) showed that the official exchange rate hovered around ₦1,370 to the dollar, with the latest available market data indicating the naira closed at approximately ₦1,372.76 per dollar on Wednesday’s trading session.
At the official rate, $100 would exchange for about ₦137,276, while $1,000 would be worth roughly ₦1.37 million.
In the parallel market, also known as the black market, the dollar traded at around ₦1,395 per dollar for buying and between ₦1,405 and ₦1,408 per dollar for selling, depending on location and dealer margins.
At the prevailing parallel market rate, $100 would exchange for approximately ₦140,500 to ₦140,800.
The spread between the official and parallel market rates remained relatively narrow compared with the significant gaps recorded in previous years, reflecting continued efforts by monetary authorities to improve liquidity and foster convergence in Nigeria’s foreign exchange market.
Foreign exchange analysts say movements in the naira will continue to depend on dollar inflows from oil exports, foreign portfolio investments, diaspora remittances and interventions by the Central Bank of Nigeria in the currency market.
As of today, June 25, 2026, the indicative exchange rates are:
Official NFEM rate: approximately ₦1,372.76 per US dollar.
Parallel market rate: approximately ₦1,395/$ (buy) and ₦1,405-₦1,408/$ (sell).
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