The naira traded relatively stable against the United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, June 18, 2026, as traders continued to monitor foreign exchange liquidity and demand pressures across the market.
Data published by the Central Bank of Nigeria (CBN) showed the official exchange rate hovering around the ₦1,360 per dollar range in recent trading sessions at the NFEM window, reflecting the continued impact of ongoing foreign exchange reforms and improved market transparency.
At the parallel market, also known as the black market, the dollar was exchanged at around ₦1,400 per dollar, according to market trackers and bureau de change sources. Buy rates were reported between ₦1,392 and ₦1,395, while sell 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 heightened volatility, suggesting improved alignment between both markets. Analysts attribute the trend to increased foreign exchange inflows, tighter market oversight and sustained efforts by monetary authorities to boost liquidity.
As of Thursday, market data indicated that the official NFEM rate remained in the ₦1,360 range, while parallel market traders quoted rates around ₦1,400 per dollar.
Exchange rate summary for June 18, 2026:
• Official NFEM rate: approximately ₦1,360 per US dollar.
• Parallel market buy rate: approximately ₦1,392–₦1,395 per US dollar.
• Parallel market sell rate: approximately ₦1,400–₦1,402 per US dollar.
Foreign exchange rates may vary across locations, dealers and transaction volumes.
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