Dollar to Naira exchange rate today, June 5, 2026: Nigerian currency extends depreciation

The naira continued to weaken against the dollar on the official foreign exchange market on Friday, closing the week in a negative swing.

According to data from the Central Bank of Nigeria, the naira fell to N1,362.21 per dollar on Friday, compared with N1,358.75 on Thursday.

That represents a daily depreciation of N3.46.

DAILY POST reports that Friday’s decline marked the second consecutive drop at the official market during the week under review.

In contrast, the parallel market rate held steady at N1,395 per dollar on Friday, the same level as Thursday.

DAILY POST notes that while the official market saw mixed movements, the parallel market remained flat throughout the week.

The change comes as the country’s foreign reserves increased to $50.04 billion as of June 4, 2026.