Nigeria's Naira Holds Steady Against Dollar at ₦1,379.80

Nigeria's naira held steady against the US dollar on June 30, 2026, trading at an official rate of ₦1,379.80 per dollar on the Nigerian Foreign Exchange Market (NFEM). This rate reflects continued stability, keeping the naira within the ₦1,370 to ₦1,380 range observed in recent trading sessions.

Market participants are closely monitoring foreign exchange liquidity and the demand for dollars. Data from the Central Bank of Nigeria (CBN) confirmed the official closing rate at ₦1,379.80/$1 for the day.

In the parallel market, often referred to as the black market, currency dealers and trackers reported slightly different rates. The dollar was being exchanged for approximately ₦1,385 for buyers and ₦1,400 for sellers in major hubs like Lagos and Abuja. This means purchasing $100 would cost around ₦140,000 on the parallel market, compared to roughly ₦137,980 at the official NFEM rate.

The gap between the official and parallel market exchange rates has narrowed to about ₦20 per dollar. This tighter spread signifies a more stable foreign exchange market compared to the wider fluctuations seen in previous months. However, exchange rates can still vary slightly based on transaction size, demand, and specific market conditions at banks, bureaux de change, and parallel market locations.