The naira traded relatively stable against the United States dollar on Thursday, June 18, 2026, across both the official and parallel foreign exchange markets as traders monitored liquidity levels and demand pressures.
Data from the Central Bank of Nigeria (CBN) showed the local currency trading around the ₦1,360 per dollar mark at the Nigerian Foreign Exchange Market (NFEM), reflecting continued stability amid ongoing foreign exchange reforms.
At the parallel market, commonly known as the black market, the dollar exchanged at about ₦1,400, according to bureau de change operators and market sources.
Buy rates were quoted between ₦1,392 and ₦1,395 per dollar, while sell rates ranged from ₦1,400 to ₦1,402.
The spread between the official and parallel market rates remained relatively narrow compared to previous periods of sharp volatility, a development analysts attribute to improved foreign exchange inflows, tighter market regulation and enhanced transparency in the FX market.
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As of Thursday, the exchange rate stood at approximately ₦1,360 per dollar at the official NFEM window and around ₦1,400 per dollar in the parallel market.
Exchange Rate Summary (June 18, 2026)
- Official NFEM rate: Approximately ₦1,360/$
- Parallel market buy rate: ₦1,392–₦1,395/$
- Parallel market sell rate: ₦1,400–₦1,402/$
Foreign exchange rates may vary depending on location, dealer and transaction volume.
