Naira Holds Steady as Dollar Trades Around ₦1,360 on June 19, 2026

The Nigerian naira remained relatively stable against the United States dollar on Friday, June 19, 2026, across both the official and parallel foreign exchange markets, as traders continued to monitor market conditions.

Recent data from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) showed the naira trading around ₦1,360 per dollar at the official window. The exchange rate moved within the range of ₦1,357 to ₦1,364 per dollar during recent transactions.

Analysts said the naira’s stability was supported by foreign exchange reforms, improved market transparency, and continued dollar supply from authorised dealers.

At the parallel market, also known as the black market, the dollar traded between ₦1,390 and ₦1,400, depending on location and dealer rates.

Based on current rates, $100 was exchanged for about ₦136,000 at the official market, while it was around ₦139,000 to ₦140,000 at the parallel market.

Foreign exchange operators said investors are watching key factors such as export earnings, foreign investments, and remittances, which could affect the naira’s performance in the coming weeks.

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