Nigerian naira traded relatively flat against the US dollar on Friday, June 5, 2026, trading around ₦1,361/$ on the official market and between ₦1,390 and ₦1,405 on the parallel market, as liquidity conditions and demand pressures continued to shape trading.
Data from the Nigerian Foreign Exchange Market (NFEM) of the Central Bank of Nigeria showed naira which hovers around ₦1361.05 to the dollar.
This reflects a largely steady performance compared to recent sessions.
Throughout the week, trading in the official window remained within a narrow range of approximately ₦1,359 to ₦1,365 per dollar, indicating limited volatility in the market.
Market movements also suggest a slight improvement in the naira in early June, supported by increased supply of foreign exchange and ongoing policy interventions aimed at increasing liquidity in the system.
In the parallel market, also known as the black market, the dollar traded between ₦1390 and ₦1405 depending on the location and size of the transaction.
Buying rates were usually reported around ₦1380 to ₦1395 while selling rates ranged from about ₦1393 to ₦1405.
The difference between official and parallel market exchange rates remained relatively small compared to previous months, reflecting gradual improvements in the conditions of transparency and liquidity in the foreign exchange market.
Currency traders noted that market participants are closely monitoring foreign portfolio inflows, crude oil earnings and monetary policy guidance, all of which continue to weigh on the naira’s near-term outlook.
