The naira traded relatively stable against the United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, June 18, 2026, as traders continued to monitor foreign exchange liquidity and demand pressures across the market.
Data published by the Central Bank of Nigeria (CBN) showed the official exchange rate hovering around the ₦1,360 per dollar range in recent trading sessions at the NFEM window, reflecting the continued impact of ongoing foreign exchange reforms and improved market transparency.
At the parallel market, also known as the black market, the dollar was exchanged at around ₦1,400 per dollar, according to market trackers and bureau de change sources. Buy rates were reported between ₦1,392 and ₦1,395, while sell rates ranged from ₦1,400 to ₦1,402.
