Naira's value against the US Dollar as of June 10, 2026

On Wednesday, June 10, 2026, the Nigerian naira maintained a relatively stable position against the United States dollar, with market participants closely watching liquidity and foreign exchange demand across both the official Nigerian Foreign Exchange Market and the parallel market.

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The official NFEM rate stood at approximately ₦1,360.55 per dollar as of June 9, the latest available rate, marking a marginal shift from the previous closing rate of ₦1,359.50 per dollar, according to data from the Central Bank of Nigeria's exchange rate portal.

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The volume-weighted NFEM rate remains the benchmark for foreign exchange transactions in Nigeria, serving as the official reference point for such dealings.

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In the parallel market, the dollar was traded at rates ranging from ₦1,390 to ₦1,405 per dollar, with the specific rate dependent on the location and volume of the transaction.

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Market trackers observed average buying rates of around ₦1,390–₦1,395 and average selling rates of around ₦1,400–₦1,405 on June 10, reflecting the prevailing market conditions.

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The difference between the official and parallel market rates remained relatively narrow, at about ₦30 to ₦45 per dollar, indicating improved convergence in the market compared to previous years.

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A summary of the exchange rates for June 10, 2026, shows the official NFEM rate at about ₦1,360.55/$, the parallel market buying rate at about ₦1,390–₦1,395/$, and the parallel market selling rate at about ₦1,400–₦1,405/$.

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Recent market data indicates that the naira has strengthened modestly in the official market over the past week, with the dollar trading within the ₦1,360–₦1,375 range.

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Currency dealers noted that actual exchange rates can vary across different cities and individual transactions due to factors such as differences in demand, supply, and transaction size.