Naira Remains Firm as Dollar Trades Around ₦1,373 Officially and ₦1,408 on Parallel Market

The Nigerian naira maintained a stable performance against the US dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets amid continued monitoring of forex liquidity and supply conditions.

According to data from the Nigerian Foreign Exchange Market (NFEM), the official exchange rate hovered around ₦1,370 per dollar, while the currency closed Wednesday’s session at approximately ₦1,372.76/$.

At the official market rate, $100 was valued at about ₦137,276, while $1,000 exchanged for roughly ₦1.37 million.

Meanwhile, in the parallel market, the dollar traded at approximately ₦1,395/$ for purchases and between ₦1,405 and ₦1,408/$ for sales, depending on location and prevailing dealer rates.

This means $100 would be exchanged for between ₦140,500 and ₦140,800 on the black market.

The difference between official and parallel market rates remained modest compared with the wider spreads recorded in earlier years, suggesting progress in efforts aimed at improving foreign exchange liquidity and narrowing market disparities.

Analysts said the naira’s direction in the coming weeks will continue to be influenced by foreign currency earnings from oil exports, diaspora remittances, foreign investment inflows, and interventions by the Central Bank of Nigeria.

Current exchange rates as of June 25, 2026:

• Official NFEM rate: about ₦1,372.76 per US dollar
• Parallel market rate: about ₦1,395/$ (buy) and ₦1,405–₦1,408/$ (sell)

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