June 10, 2026: Dollar to Naira Exchange Rate

The Nigerian naira remained relatively stable against the United States dollar on Wednesday, June 10 2026, in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders monitored liquidity conditions and foreign‑exchange demand.

According to the Central Bank of Nigeria’s exchange‑rate portal, the official NFEM rate closed at approximately ₦1,360.55 per dollar on June 9, the most recent official figure, compared with a closing rate of ₦1,359.50 per dollar. This represents only a marginal move in the market. The volume‑weighted NFEM rate continues to serve as the official benchmark for foreign‑exchange transactions in Nigeria.

In the parallel market, often referred to as the black market, the dollar traded between ₦1,390 and ₦1,405 per dollar, depending on location and transaction volume. Market trackers reported average buying rates around ₦1,390–₦1,395 and selling rates around ₦1,400–₦1,405 on June 10.

The spread between the official and parallel market rates stayed relatively narrow, at about ₦30 to ₦45 per dollar, indicating a closer convergence than the wider spreads seen in previous years.

Exchange‑rate summary for June 10 2026:

• Official NFEM rate: about ₦1,360.55 per dollar
• Parallel market buying rate: about ₦1,390–₦1,395 per dollar
• Parallel market selling rate: about ₦1,400–₦1,405 per dollar

Recent data also show the naira strengthening slightly in the official market over the past week, with the dollar trading within the ₦1,360–₦1,375 range.

Currency dealers noted that actual exchange rates can vary across cities and individual transactions due to differences in demand, supply, and transaction size.

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