Nigeria’s currency recorded modest gains against the United States dollar in both the official and parallel markets, according to the latest exchange rate data released on June 23, 2026.
Figures from the Central Bank of Nigeria (CBN) show that the Nigerian Foreign Exchange Market (NAFEM) rate improved to ₦1,369.00/$1 on June 22, 2026, compared with ₦1,371.50/$1 on June 19, representing a gain of ₦2.50 or 0.18%.
In the parallel market, often referred to as the black market, the naira also appreciated slightly, closing at ₦1,385.00/$1 on June 23 from ₦1,390.00/$1 the previous day. The movement represents an improvement of ₦5.00 or 0.36%.
Other major currencies remained unchanged in the parallel market. The British pound traded at ₦1,850.00/£1, while the euro remained at ₦1,580.00/€1. The Canadian dollar also held steady at ₦1,005.00/C$1.
Meanwhile, Nigeria’s external reserves continued their gradual upward trajectory. The country’s foreign reserves rose to $51.061 billion as of June 19, 2026, from $51.035 billion on June 18, reflecting a 0.05% increase.
