Dollar to Naira Exchange Rate on June 24, 2026

The Nigerian naira remained within a narrow trading band against the U.S. dollar on Wednesday, June 24, 2026, in both the official and parallel foreign‑exchange markets.

According to the Nigerian Foreign Exchange Market (NFEM), the naira traded at approximately ₦1,369 per dollar. The Central Bank of Nigeria’s data confirm that the currency stayed broadly stable despite global market swings and domestic foreign‑exchange demand.

In the parallel market, the dollar ranged between ₦1,400 and ₦1,408 on Wednesday, with the exact rate depending on location and transaction volume. Market observers noted that the spread between the official and parallel rates remained under ₦40, indicating a continued convergence relative to earlier years.

At the prevailing rates, $100 would convert to about ₦136,900 at the official NFEM rate and roughly ₦140,000 to ₦140,800 in the parallel market.

Analysts attribute the narrow spread to improved liquidity and the effects of ongoing foreign‑exchange reforms by monetary authorities. Exchange‑rate movements in Nigeria are driven mainly by supply and demand dynamics, capital flows, and market expectations.

Rates may vary slightly across commercial banks, bureaux de change, and parallel‑market dealers, depending on transaction size and location.