The dollar to naira exchange rate today remained relatively stable across both the official and parallel foreign exchange markets.
Data from Nigeria’s official foreign exchange market showed the naira trading at approximately ₦1,362 per United States dollar on Friday, June 12, 2026, reflecting continued stability in the country’s forex market.
The latest figures come after the naira recorded modest gains during the week, with the official exchange rate largely fluctuating between ₦1,360 and ₦1,375 per dollar in recent trading sessions.
Official Dollar to Naira Exchange Rate (NFEM)
At the Nigerian Foreign Exchange Market (NFEM), the naira maintained a steady performance against the US dollar.
Official Exchange Rate Today:
1 USD = ₦1,362
$100 = ₦136,200
$500 = ₦681,000
$1,000 = ₦1,362,000
The relatively stable movement in the official market reflects improved foreign exchange liquidity and continued efforts to strengthen confidence in Nigeria’s currency market.
Black Market Dollar to Naira Exchange Rate Today:
In the parallel market, commonly referred to as the black market, the dollar traded at a slightly higher rate than the official market.
Black Market Rate Today:
Buying Rate: ₦1,380 – ₦1,390 per dollar
Selling Rate: ₦1,395 – ₦1,400 per dollar
Rates varied across locations and currency dealers, as is typical within the parallel foreign exchange market.
Based on prevailing market prices, $100 exchanged for approximately ₦139,500 to ₦140,000 in the parallel market on Friday.
At a glance, the dollar to naira exchange rate today stood at:
Official NFEM Rate: Approximately ₦1,362 per dollar
Black Market Rate: Approximately ₦1,395–₦1,400 per dollar
$100 Equivalent: ₦136,200 (official market) and ₦139,500–₦140,000 (parallel market)
As traders continue to watch developments in Nigeria’s foreign exchange market, the performance of the naira will remain closely linked to liquidity conditions, monetary policy decisions, and broader economic trends.
Disclaimer: Exchange rates may vary slightly depending on commercial banks, bureaux de change, location, and market conditions.
