The naira continued to trade within a relatively stable band against the United States dollar on Tuesday, June 23, 2026, as the official exchange rate stayed between ₦1,350 and ₦1,370 in recent weeks.
Market stability has been largely attributed to improved liquidity in the foreign exchange market and sustained inflows from foreign portfolio investors into Nigerian assets.
Fresh figures from the Nigerian Foreign Exchange Market (NFEM) indicated that the naira closed at about ₦1,366.41 per dollar at the official window. The NFEM rate, published by the Central Bank of Nigeria (CBN), reflects the daily volume-weighted average exchange rate.
Based on this rate, $100 exchanged for approximately ₦136,641 at the official market.
In the parallel market, however, the dollar traded higher, with buying rates around ₦1,400 and selling prices ranging between ₦1,410 and ₦1,420, depending on location and dealer pricing.
Currency traders noted that demand for foreign exchange remains consistent, driven by importers, travellers, and businesses, even as improved dollar supply has helped support the naira’s recent performance.
Analysts say future movements of the naira will likely depend on foreign inflows, crude oil price trends, and broader domestic economic conditions.
Naira To Dollar Exchange Rate Today, June 23, 2026
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