The Nigerian naira traded at an official exchange rate of ₦1,379.22 per United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, June 29, 2026, according to the latest available market data.
The official rate indicates that $100 would exchange for about ₦137,922 at the NFEM window, while $1,000 would be worth approximately ₦1.379 million at the prevailing rate.
In the parallel market, commonly referred to as the black market, the dollar traded around ₦1,390 for buying and between ₦1,400 and ₦1,405 for selling, depending on location, transaction volume and dealer quotations across major cities, including Lagos and Abuja.
At the average parallel market selling rate of ₦1,400 per dollar, $100 would fetch about ₦140,000, while $1,000 would exchange for roughly ₦1.4 million.
The spread between the official and parallel market rates remained relatively narrow at around ₦21 per dollar, reflecting the naira’s continued stability in recent months amid improved foreign exchange liquidity and policy reforms aimed at supporting the local currency.
