The naira traded relatively stable against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets as market participants continued to monitor liquidity conditions and foreign exchange supply.
Data from the Nigerian Foreign Exchange Market (NFEM) showed that the official exchange rate hovered around ₦1,370 to the dollar, with the latest available market data indicating the naira closed at approximately ₦1,372.76 per dollar on Wednesday’s trading session.
At the official rate, $100 would exchange for about ₦137,276, while $1,000 would be worth roughly ₦1.37 million.
In the parallel market, also known as the black market, the dollar traded at around ₦1,395 per dollar for buying and between ₦1,405 and ₦1,408 per dollar for selling, depending on location and dealer margins.
At the prevailing parallel market rate, $100 would exchange for approximately ₦140,500 to ₦140,800.
