Dollar to Naira Exchange Rate on June 29, 2026

The Nigerian naira was quoted at an official exchange rate of ₦1,379.22 per U.S. dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, June 29, 2026, according to the most recent market data.

At this rate, $100 would convert to approximately ₦137,922, while $1,000 would be worth about ₦1.379 million.

In the parallel market—often called the black market—the dollar traded around ₦1,390 for purchases and between ₦1,400 and ₦1,405 for sales, depending on the city, transaction volume, and dealer quotations in major hubs such as Lagos and Abuja.

Using an average parallel market selling rate of ₦1,400 per dollar, $100 would fetch roughly ₦140,000, and $1,000 would exchange for approximately ₦1.4 million.

The difference between the official and parallel rates was about ₦21 per dollar, indicating a relatively narrow spread and suggesting continued naira stability in recent months. This stability has been supported by improved foreign‑exchange liquidity and policy reforms aimed at strengthening the local currency.

The Central Bank of Nigeria calculates the NFEM rate by taking a volume‑weighted average of official foreign‑exchange transactions, making it the benchmark rate for the country.

Exchange rates can vary slightly across banks, bureaux de change, and different parallel‑market locations due to changes in demand and supply conditions.