The naira traded relatively stable against the United States dollar on Thursday, June 25, 2026, across both the official and parallel foreign exchange markets as traders continued to monitor liquidity levels and foreign exchange supply.
Data from the Nigerian Foreign Exchange Market showed the official exchange rate remained around ₦1,370 per dollar, with the latest available figures indicating the local currency closed at approximately ₦1,372.76 to the dollar during the previous trading session.
At this rate, $100 exchanged for about ₦137,276 while $1,000 was valued at roughly ₦1.37 million.
In the parallel market, commonly referred to as the black market, the dollar traded around ₦1,395 for buying and between ₦1,405 and ₦1,408 for selling depending on location and dealer margins.
Analysts said future movements of the naira will depend on foreign exchange inflows, remittances and Central Bank interventions.