The Nigerian naira showed relative stability against the US dollar on Tuesday, June 9, 2026, trading at an average of around ₦1362.21/$ in official marketclosing near ₦1365/$, while the parallel market ranged between ₦1390/$ and ₦1400/$.
Trading activity in the foreign exchange market remained broadly stable, supported by improved liquidity and reduced volatility in recent sessions.
Figures from the Central Bank of Nigeria show that the naira moved within a narrow range of about ₦1,360 to ₦1,366 to the dollar during daily trading. This reflects a period of relative calm compared to earlier fluctuations.
In the official market window, the exchange rate hovered around ₦1360.12/$ at various points, indicating slight strength in the local currency amid better dollar inflows.
Meanwhile, the parallel market continued to trade at higher levels, with the dollar being bought at around ₦1,390 and sold at around ₦1,400. This maintains a modest gap between both markets.
The difference between the official and black market exchange rates remains relatively limited at around ₦30 to ₦40, indicating a gradual convergence driven by ongoing foreign exchange reforms and liquidity support measures.
Market analysts say the naira’s recent performance has been aided by increased currency availability and reduced speculative demand, which has helped stabilize prices.
Traders also noted that demand from importers, manufacturers and travelers remained consistent but not excessive, allowing the market to remain balanced.
The current indicative exchange rates are as follows:
Official NFEM exchange rate: about ₦1362.21/$
Official Closing Rate: About ₦1365/$
Parallel Market Buying Rate: About ₦1390/$
Parallel Market Selling Rate: About ₦1400/$
Exchange rates may still vary slightly between banks and exchange offices, depending on location and volume of transactions.
