Naira to Dollar exchange rate today, Thursday, June 11, 2026
The Nigerian naira recorded a fairly steady performance against the United States dollar on Thursday, June 11, 2026, exchanging at about ₦1,360 to ₦1,366 in the official market, while the parallel market saw rates between ₦1,395 and ₦1,405 per dollar.
Market activity remained calm as traders continued to respond to shifting dollar demand and available liquidity across different forex windows.
Data from the Central Bank of Nigeria showed that the Nigerian Foreign Exchange Market (NFEM) rate hovered around the ₦1,360 level in recent sessions, with only slight movements recorded.
The NFEM remains the country’s benchmark official exchange platform, where rates are determined through weighted average transactions carried out by market participants.
Stability driven by liquidity improvements
Financial market observers say the relative stability of the naira is being supported by better dollar inflows into the official window, alongside policy measures aimed at reducing pressure on the currency.
In recent weeks, the exchange rate has largely stayed within a narrow corridor of ₦1,350 to ₦1,370, indicating reduced volatility compared to earlier trading periods.
Analysts also suggest that growing confidence in the official market has contributed to easing pressure on exchange rates.
Parallel market continues to reflect demand pressure
Although official market conditions have improved, the informal forex segment remains active due to continued demand from importers, travellers, and businesses making international payments.
Traders in the parallel market priced the dollar at roughly ₦1,395 to ₦1,405 for sales, while purchase rates averaged around ₦1,385, depending on location and deal size.
The spread between official and black-market rates has narrowed in recent times, reflecting a gradual alignment in pricing across both segments.
Current exchange rate snapshot (June 11, 2026)
Official NFEM rate: ₦1,360 – ₦1,366 per $1
Parallel market buying rate: around ₦1,385
Parallel market selling rate: ₦1,395 – ₦1,405
Exchange rates may still differ slightly across banks and Bureau De Change operators due to liquidity conditions and transaction volume.