The Nigerian naira maintained relative stability against the United States dollar on Friday, June 19, 2026, trading around ₦1,360/$ at the official market, while the dollar exchanged between ₦1,390 and ₦1,400 at the parallel market.
Data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) showed the local currency continuing its recent steady performance at the official window.
Market figures indicated that the official exchange rate fluctuated between ₦1,357 and ₦1,364 per dollar during trading activities.
Financial analysts linked the naira’s resilience to ongoing foreign exchange reforms, improved market transparency and sustained dollar supply from authorised dealers.
The official market has largely remained within the ₦1,360 range in recent weeks despite movements in global currency markets.
At the parallel market, also known as the black market, the dollar traded between ₦1,390 and ₦1,400, depending on dealer quotations and location.
The gap between the official and parallel market rates remained relatively narrow compared to levels recorded in previous years.
Recent trading data showed the NFEM rate moving within the ₦1,360 to ₦1,373 range, while Bureau de Change operators and parallel market traders largely maintained rates between ₦1,390 and ₦1,400 per dollar.
Based on prevailing exchange rates, $100 was valued at about ₦136,000 through the official market and between ₦139,000 and ₦140,000 at the parallel market.
Foreign exchange traders said investors and businesses are closely monitoring export earnings, diaspora remittances and foreign portfolio inflows, which remain key factors that could influence the naira’s performance in the coming weeks.
