Dollar to Naira Exchange Rate on June 23, 2026

On Tuesday, June 23, 2026, the Nigerian naira remained relatively stable against the U.S. dollar in both the official and parallel foreign exchange markets, as traders watched liquidity and demand.

According to the Nigerian Foreign Exchange Market (NFEM), the official rate was about ₦1,366.41 per dollar. The NFEM rate is the volume‑weighted average published by the Central Bank of Nigeria.

In recent weeks, the official rate has stayed between ₦1,350 and ₦1,370, buoyed by better liquidity and steady foreign portfolio inflows into Nigerian assets.

In the parallel market, the dollar was quoted around ₦1,400 for purchases and between ₦1,410 and ₦1,420 for sales, varying by location and dealer.

The gap between official and parallel rates stayed relatively narrow compared to previous years, indicating reforms that enhance transparency and efficiency in Nigeria’s FX market.

Traders noted that dollar demand from importers, travelers, and businesses stayed steady, while the naira has gained from greater confidence in the FX market and a larger dollar supply.

Analysts warned that rates may still fluctuate with shifts in foreign inflows, global oil prices, and domestic economic conditions.

At current rates, $100 would convert to roughly ₦136,641 at the official NFEM window, and between ₦141,000 and ₦142,000 in the parallel market.

FX rates can still move intraday and differ among banks, bureaux de change, and other participants.