Naira to Dollar exchange rate today, Tuesday, June 23, 2026

Nigeria’s currency, the naira, traded at approximately ₦1,366.41 against the United States dollar at the official market on Tuesday, according to the latest figures from the Nigerian Foreign Exchange Market (NFEM).

The exchange rate, published by the Central Bank of Nigeria, represents the volume-weighted average rate recorded during the trading session.

Naira remains stable at official market

The official exchange rate has largely remained within the ₦1,350 to ₦1,370 range in recent weeks, a development attributed to improved liquidity and sustained foreign portfolio investments in Nigeria’s financial markets.

At the prevailing official rate, $100 is valued at about ₦136,641 at the NFEM window.

However, rates in the parallel market remained higher. The same amount of $100 could fetch between ₦141,000 and ₦142,000, depending on market conditions and dealer quotations.

Black market rates remain higher

Currency traders said the dollar exchanged at around ₦1,400 for buying and between ₦1,410 and ₦1,420 for selling in the parallel market, commonly known as the black market.

Despite steady demand for foreign currency from importers, travellers and businesses, the naira has continued to benefit from improved confidence in the foreign exchange market and increased dollar supply.

Financial analysts, however, warned that the exchange rate could still experience fluctuations due to changes in foreign exchange inflows, movements in global oil prices and prevailing domestic economic conditions.