Nigeria’s currency remained broadly flat on Wednesday, June 10, 2026, with the naira trading at ₦1360.55 to the dollar in official marketwhile the dollar traded between ₦1,400 and ₦1,405 on the parallel market amid steady demand for foreign exchange.
Figures released by the Central Bank of Nigeria (CBN) showed Nigerian Foreign The exchange rate (NFEM) on June 9 closed at ₦1360.55/$ compared to ₦1,359.50/$ in the previous session, reflecting only marginal movement in the official window.
The NFEM exchange rate remains Nigeria’s benchmark exchange rate for official foreign currency transactions.
In the parallel market, commonly referred to as the black market, the dollar traded between ₦1,390 and ₦1,405 depending on location, demand levels and transaction size.
Currency traders reported buying rates ranging from ₦1,390 to ₦1,395 per dollar, while selling rates ranged between ₦1,400 and ₦1,405 on Wednesday.
The difference between official and parallel market exchange rates remained relatively modest, ranging from about ₦30 to ₦45 per dollar.
Analysts say the narrower range highlights the improved alignment between the two markets compared to the wider gaps seen in previous years.
Exchange rate list at a glance
Official NFEM exchange rate: ₦1360.55/$
Parallel market buying rate: ₦1390–₦1395/$
Selling rate on the parallel market: ₦1400–₦1405/$
Recent trading data also shows that the naira recorded modest gains in the official market over the past week, with the dollar mostly trading within a range of £1,360 to £1,375.
Market participants noted that exchange rates could still vary across cities and transactions due to fluctuations in supply, demand and trade volume.
