Dollar-to-Naira exchange rate on June 5, 2026

The Nigerian naira remained largely unchanged against the U.S. dollar in both the official and parallel foreign‑exchange markets on June 5, 2026, as traders monitored liquidity and demand dynamics.

According to the Central Bank of Nigeria’s Nigerian Foreign Exchange Market (NFEM) data, the naira traded around ₦1,361 per dollar. The most recent NFEM rate published by the apex bank was approximately ₦1,361.05/$, while weekly trading stayed within the ₦1,359–₦1,365 range.

Official market data also showed a modest strengthening of the naira in early June, attributed to increased foreign‑exchange supply and continued interventions aimed at boosting market liquidity.

In the parallel market, often called the black market, the dollar hovered between ₦1,390 and ₦1,405 on Friday, with variations by location and transaction size. Market trackers reported buying rates of about ₦1,380–₦1,395 and selling rates between ₦1,393 and ₦1,405 per dollar.

The spread between official and parallel rates narrowed compared with earlier months, reflecting ongoing efforts to enhance transparency and liquidity in the FX market.

Currency dealers noted that foreign portfolio inflows, crude‑oil earnings, and Central Bank policies remain key factors that could influence the naira’s trajectory in the coming weeks.

As of June 5, 2026, the dollar exchanged at roughly ₦1,361 in the official NFEM market, while parallel market transactions ranged from about ₦1,390 to ₦1,405 per dollar.

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