June 9, 2026
The Nigerian naira traded relatively stable against the United States dollar on Tuesday, June 9, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, amid continued efforts to sustain liquidity in the foreign exchange market.
Data from the Central Bank of Nigeria’s exchange rate portal showed that the official NFEM rate stood at approximately ₦1,362.21 per dollar as of the latest available trading session, with the closing rate around ₦1,365.00/$ and the market recording transactions within the ₦1,360–₦1,366 range.
Market indicators on June 9 also showed the naira maintaining its recent gains, with the USD/NGN exchange rate hovering around ₦1,360.12 per dollar in the official market. Analysts noted that the local currency has strengthened over the past month as foreign exchange supply improved.
In the parallel market, commonly referred to as the black market, the dollar was exchanged at about ₦1,400 per dollar for selling and around ₦1,390 per dollar for buying on Tuesday. This reflects a gap of roughly ₦38 between the official and parallel market rates.
