Naira to Dollar exchange rate today, Wednesday, June 10, 2026

Nigeria’s currency remained largely stable on Wednesday, June 10, 2026, with the naira trading at ₦1,360.55 per dollar in the official market, while the greenback sold between ₦1,400 and ₦1,405 in the parallel market amid steady foreign exchange demand.

Figures published by the Central Bank of Nigeria (CBN) showed the Nigerian Foreign Exchange Market (NFEM) rate closed at ₦1,360.55/$ on June 9, compared with ₦1,359.50/$ in the previous session, reflecting only a slight movement in the official window.

The NFEM rate remains Nigeria’s benchmark exchange rate for official foreign currency transactions.

At the parallel market, commonly referred to as the black market, the dollar exchanged 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 hovered between ₦1,400 and ₦1,405 on Wednesday.

The difference between official and parallel market rates remained relatively modest, ranging from about ₦30 to ₦45 per dollar.

Analysts say the narrower spread highlights improved alignment between both markets compared with the wider gaps recorded in previous years.

Exchange rates at a glance

Official NFEM rate: ₦1,360.55/$

Parallel market buying rate: ₦1,390–₦1,395/$

Parallel market selling rate: ₦1,400–₦1,405/$

Recent trading data also indicated that the naira has posted modest gains in the official market over the past week, with the dollar largely trading within the ₦1,360 to ₦1,375 range.

Market participants noted that exchange rates could still vary across different cities and transactions due to fluctuations in supply, demand and trade volumes.