Naira steadies at ₦1,366 per dollar official rate as parallel market trades higher

Earlier today, the Nigerian Foreign Exchange Market (NFEM) reported the naira exchanging at approximately ₦1,366.41 per dollar at the official window, staying within the ₦1,350–₦1,370 range seen in recent weeks. The Central Bank of Nigeria publishes this volume‑weighted average rate, which has been supported by improved liquidity and steady foreign portfolio inflows. At the official rate, $100 buys about ₦136,641, while the same amount fetches between ₦141,000 and ₦142,000 in the parallel (black) market, where the dollar trades around ₦1,400 for buying and ₦1,410–₦1,420 for selling depending on location and dealer. Analysts note that steady demand from importers, travelers and businesses persists, but the naira has benefited from renewed confidence in the FX market and stronger dollar supply. They warn that rates could still shift with changes in foreign inflows, global oil prices, or domestic economic conditions.

For anyone needing foreign currency, the official window offers a better rate than the parallel market, though the premium remains about ₦4,000–₦5,000 per $100. Consider timing purchases when inflows are strong, monitor oil price trends, and budget for the parallel‑market premium if you must use it.

SOURCE: https://www.channelstv.com/2026/06/23/naira-to-dollar-exchange-rate-today-june-23-2026/