Nigeria’s currency remained largely stable on Wednesday, June 10, 2026, with the naira trading at ₦1,360.55 against the dollar in the official market, while the United States currency exchanged between ₦1,400 and ₦1,405 in the parallel market.
Data released by the Central Bank of Nigeria (CBN) showed that the Nigerian Foreign Exchange Market (NFEM) rate closed at ₦1,360.55 per dollar on June 9, compared with ₦1,359.50 recorded in the previous trading session, indicating only a slight movement.
In the parallel market, also known as the black market, traders reported buying rates ranging from ₦1,390 to ₦1,395 per dollar and selling rates between ₦1,400 and ₦1,405.
The gap between official and parallel market rates remained relatively narrow at about ₦30 to ₦45 per dollar.
Analysts said the modest spread reflects improved alignment between both markets compared with wider disparities recorded in previous years.
