The Nigerian naira recorded a relatively steady performance against the United States dollar on Friday, June 12, 2026, trading at about ₦1,362 in the official Nigerian Foreign Exchange Market (NFEM) and between ₦1,395 and ₦1,400 in the parallel market, as exchange rates held within a tight band across both segments.
Figures from the Central Bank of Nigeria’s NFEM window showed the naira trading at about ₦1,362 to the dollar.
The official market maintained a stable pattern during the week, with rates fluctuating between ₦1,360 and ₦1,375 in recent trading sessions following modest gains.
In the unofficial market, commonly referred to as the black market, the dollar exchanged between ₦1,395 and ₦1,400.
Buying rates were reported slightly lower, ranging from around ₦1,380 to ₦1,390, depending on location and dealer activity.
Market observers noted that the gap between official and parallel market rates has remained comparatively narrow in recent times.
This development is largely linked to improved dollar liquidity and ongoing policy measures aimed at stabilising and bringing more transparency to foreign exchange trading in the country.
At the current rates, $100 converts to roughly ₦136,200 at the official window, while it yields between ₦139,500 and ₦140,000 in the parallel market.
Analysts say continued movements in the naira will depend on foreign exchange inflows, demand pressures, and monetary policy direction, all of which continue to shape market sentiment.
Exchange snapshot (June 12, 2026):
Official NFEM: ~₦1,362/$
Parallel market: ~₦1,395–₦1,400/$
Rates may vary slightly across banks, bureaux de change, and street traders.