The Nigerian naira traded relatively steadily against the United States dollar on Friday, June 5, 2026, exchanging at about ₦1,361/$ at the official market and between ₦1,390 and ₦1,405 at the parallel market, as liquidity conditions and demand pressures continued to shape trading.
Data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) showed the naira hovering around ₦1,361.05 to the dollar.
This reflected a largely stable performance compared with recent sessions.
Throughout the week, trading at the official window remained within a narrow band of roughly ₦1,359 to ₦1,365 per dollar, indicating limited volatility in the market.
Market movements also suggested a mild improvement for the naira in early June, supported by increased foreign exchange supply and ongoing policy interventions aimed at boosting liquidity in the system.
In the parallel market, also known as the black market, the dollar exchanged between ₦1,390 and ₦1,405 depending on location and transaction size.
Buying rates were commonly reported around ₦1,380 to ₦1,395, while selling rates ranged from about ₦1,393 to ₦1,405.
The spread between official and parallel market rates remained relatively tight compared to previous months, reflecting gradual improvements in transparency and liquidity conditions across the foreign exchange market.
Currency dealers noted that market participants are closely watching foreign portfolio inflows, crude oil earnings, and monetary policy directions, all of which continue to influence the naira’s short-term outlook.
