Naira to Dollar exchange rate today, Thursday, June 25, 2026
The Nigerian naira traded relatively stable against the United States dollar on Thursday, June 25, 2026, exchanging at approximately ₦1,372.76/$ in the official market and between ₦1,395/$ and ₦1,408/$ in the parallel market, as traders continued to monitor liquidity conditions and foreign exchange supply.
The latest available figures indicated that the local currency closed at approximately ₦1,372.76 per dollar during Wednesday’s trading session.
At the official exchange rate, $100 was valued at about ₦137,276, while $1,000 exchanged for roughly ₦1.37 million.
Black market rates remain slightly higher
In the parallel market, commonly known as the black market, the dollar traded at around ₦1,395 per dollar for buying and between ₦1,405 and ₦1,408 per dollar for selling, depending on location and dealer margins.
Based on the prevailing parallel market rates, $100 exchanged for approximately ₦140,500 to ₦140,800.
The gap between the official and parallel market rates remained relatively narrow compared to the significant disparities recorded in previous years.
Analysts say this reflects ongoing efforts by monetary authorities to improve liquidity and encourage convergence in Nigeria’s foreign exchange market.
Factors influencing the naira
Foreign exchange analysts noted that future movements of the naira would largely depend on several factors, including dollar inflows from crude oil exports, foreign portfolio investments, diaspora remittances, and interventions by the Central Bank of Nigeria in the foreign exchange market.
As of Thursday, June 25, 2026, the indicative exchange rates were:
Official NFEM rate: Approximately ₦1,372.76 per US dollar.
Parallel market rate: Approximately ₦1,395/$ (buy) and ₦1,405-₦1,408/$ (sell).
The relative stability of the naira comes amid continued efforts to strengthen confidence in Nigeria’s foreign exchange market and maintain a more unified exchange rate system.