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The naira remained relatively stable against the United States dollar on Thursday, June 18, 2026, with the official exchange rate at the Nigerian Foreign Exchange Market (NFEM) steady at around ₦1,360 per dollar.
Data released by the Central Bank of Nigeria (CBN) showed the local currency hovering around ₦1,360/$ in recent trading sessions, reflecting the continued impact of foreign exchange reforms and efforts to improve market transparency.
At the parallel market, commonly referred to as the black market, the dollar exchanged at about ₦1,400. Market sources and bureau de change operators quoted buying rates between ₦1,392 and ₦1,395 per dollar, while selling rates ranged from ₦1,400 to ₦1,402.
The gap between the official and parallel market rates remained relatively narrow compared to previous periods of volatility, suggesting improved alignment between both segments of the foreign exchange market.
Analysts attributed the trend to increased foreign exchange inflows, tighter market oversight and sustained efforts by monetary authorities to boost liquidity.
