Posted by Chinenye on Fri 19th Jun, 2026 - tori.ng
The Nigerian currency maintained a steady position against the dollar, offering a brief sense of calm across the foreign exchange market.
(Dollar to Naira. Photo Credit; Nairacompare)
The Nigerian naira held a fairly stable range against the United States dollar at both the official and parallel foreign exchange markets on Friday, June 19, 2026, as investors and businesses kept an eye on liquidity conditions and demand pressures within the currency market.
Figures from the Central Bank of Nigeria's Nigerian Foreign Exchange Market (NFEM) showed the naira trading around the ₦1,360/$ mark at the official window, sustaining the relative stability seen in recent sessions.
The official rate ranged between roughly ₦1,357 and ₦1,364 per dollar, based on recent trading activity.
Market watchers linked the naira's resilience at the official window to continuing foreign exchange reforms, greater transparency in the market and steady dollar supply from authorised dealers.
Recent reports indicated that the official market has largely stayed within the ₦1,360 band despite movements in global currency markets.
On the parallel market, popularly known as the black market, the dollar exchanged for about ₦1,390 to ₦1,400, depending on location and dealer quotes for buying and selling.
The gap between official and parallel rates remained comparatively narrow when measured against previous years.
Recent trading data put the official NFEM rate at roughly ₦1,360 to ₦1,373 per dollar, while Bureau de Change and parallel market dealers quoted rates mostly within the ₦1,390 to ₦1,400 range.
At prevailing rates, $100 would convert to approximately ₦136,000 at the official NFEM window, and about ₦139,000 to ₦140,000 on the parallel market.
According to foreign exchange traders, market participants are keeping a close watch on inflows from exports, foreign portfolio investments and remittances, which remain crucial factors expected to shape the naira's performance against the dollar in the weeks ahead.