Dollar to Naira exchange rate today, June 8, 2026

The Nigerian naira maintained relative stability against the United States dollar across the official and parallel foreign exchange markets as traders monitored supply and demand conditions in the country’s forex market.

Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira was trading around ₦1,357.26 per dollar at the official market, reflecting the rate recorded at the close of recent trading sessions. Market data indicated that the currency had appreciated slightly from previous levels above ₦1,360/$ in early June. 

At the parallel market, also known as the black market, the dollar was bought at approximately ₦1,388 and sold at ₦1,398 on Monday, June 8, according to rates compiled from Bureau De Change operators and market trackers.

The gap between the official and parallel market rates remained relatively narrow compared to wider spreads recorded in previous years, highlighting continued efforts to improve liquidity and price discovery in the foreign exchange market.

Recent market reports showed that the naira had strengthened modestly at the official window in the first week of June. Data published on the Central Bank of Nigeria’s trading platform indicated that the currency traded at an NFEM rate of ₦1,357.2615 per dollar, compared with ₦1,361.0497 recorded earlier, representing a gain of about ₦3.79. 

Currency dealers noted that exchange rates may vary across locations and transactions depending on demand, volume, and availability of foreign exchange. Analysts also said the naira’s performance in the coming days would depend on FX inflows, foreign portfolio investments, crude oil receipts, and broader market liquidity conditions. 

As of June 8, 2026, the prevailing rates indicated that $100 exchanged for about ₦135,726 at the official NFEM window and about ₦139,800 at the parallel market selling rate. 

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