The Nigerian naira opened trading at an official exchange rate of ₦1,379.80 per US dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday, June 30, 2026.
Latest market data showed that the naira remained within the ₦1,370–₦1,380 range recorded in recent sessions, as traders continued to monitor foreign exchange supply and demand.
At the parallel market, commonly known as the black market, the dollar traded around ₦1,385 for buying and ₦1,400 for selling in major cities including Lagos and Abuja.
The current rates mean that purchasing $100 would cost about ₦140,000 at the parallel market, while the same amount would be approximately ₦137,980 at the official rate.
Analysts noted that the gap between the official and parallel markets has narrowed to about ₦20 per dollar, suggesting improved stability in Nigeria’s foreign exchange market.
However, exchange rates may differ slightly among banks, bureaux de change operators, and other currency dealers depending on demand, transaction size, and market conditions.
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