June 2, 2026: Dollar to Naira Exchange Rate Shows Continued Appreciation of the Nigerian Currency

The naira continued to strengthen against the dollar on Tuesday in the official foreign exchange market.

According to data released by the Central Bank of Nigeria (CBN), the official rate moved to N1,361.05 per dollar on Tuesday, up from N1,366.79 on Monday.

That represents a daily appreciation of N5.74 for the naira in the official market.

In contrast, the black‑market rate held steady at N1,395 per dollar on Tuesday, the same as it was on Monday.

The move comes as Nigeria’s foreign reserves climbed to $49.80 billion as of June 1, 2026.

It is worth noting that the naira had also gained against the dollar on Monday.