June 12, 2026
The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, June 12, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
Latest data from the Central Bank of Nigeria’s NFEM window showed the naira exchanging at around ₦1,362 to the dollar, following recent gains recorded in the official market during the week. Market data indicated that the official exchange rate had hovered between ₦1,360 and ₦1,375 per dollar in recent trading sessions.
In the parallel market, also known as the black market, the dollar was sold at between ₦1,395 and ₦1,400 on Friday, depending on location and dealer quotes. Market trackers reported buy rates ranging from about ₦1,380 to ₦1,390 per dollar.
The spread between the official and parallel market rates remained relatively narrow compared with previous years, reflecting improved liquidity in the foreign exchange market and the impact of ongoing reforms aimed at enhancing transparency in forex trading.
