Dollar to Naira exchange rate on June 8, 2026

The Nigerian naira remained relatively stable against the United States dollar in both the official and parallel foreign exchange markets as traders observed supply and demand dynamics.

According to data from the Nigerian Foreign Exchange Market (NFEM), the naira traded at approximately ₦1,357.26 per dollar in the official market, reflecting the rate at the close of recent sessions. This marks a slight appreciation from earlier levels above ₦1,360 per dollar in early June.

In the parallel market, also known as the black market, the dollar was bought at about ₦1,388 and sold at ₦1,398 on Monday, June 8, based on rates compiled from Bureau De Change operators and market trackers.

The spread between the official and parallel rates remained relatively narrow compared with wider spreads seen in previous years, underscoring ongoing efforts to improve liquidity and price discovery.

Recent reports indicated that the naira had strengthened modestly at the official window during the first week of June. Data from the Central Bank of Nigeria’s trading platform showed the currency at an NFEM rate of ₦1,357.2615 per dollar, up from ₦1,361.0497 earlier, a gain of about ₦3.79.

Currency dealers noted that exchange rates can vary by location and transaction, depending on demand, volume, and availability of foreign exchange. Analysts said the naira’s performance in the coming days would hinge on FX inflows, foreign portfolio investments, crude oil receipts, and overall market liquidity.

As of June 8, 2026, the prevailing rates meant that $100 exchanged for about ₦135,726 at the official NFEM window and about ₦139,800 at the parallel market selling rate.

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