The Nigerian naira remained relatively stable against the US dollar in both the official and parallel foreign exchange markets on Monday, June 29, 2026.
According to data from the Nigerian Foreign Exchange Market (NFEM), the official exchange rate stood at ₦1,379.22 per US dollar. This benchmark rate is calculated using a volume-weighted average of transactions conducted in the official forex market under the supervision of the Central Bank of Nigeria.
In the parallel (black) market, the dollar traded at approximately:
- Buying rate: ₦1,380 per US dollar
- Selling rate: ₦1,390 per US dollar
The difference between the official and parallel market rates remained relatively small, reflecting improved liquidity and continued stability in Nigeria’s foreign exchange market.
Dollar to Naira Conversion Guide
- $1 ≈ ₦1,379.22 (official) | ₦1,390 (parallel selling)
- $100 ≈ ₦137,922 (official) | ₦139,000 (parallel selling)
- $1,000 ≈ ₦1,379,220 (official) | ₦1,390,000 (parallel selling)
Summary in Nigerian Pidgin
**Dollar to Naira rate today dey stable. For official market, one dollar na about ₦1,379.22. For black market, people dey buy dollar around ₦1,380 and sell am around ₦1,390. The gap between official and black market no too wide, showing say the forex market still dey relatively stable.**
