The Nigerian naira traded within a relatively stable range against the United States dollar on Tuesday, June 2, 2026, across both the official and parallel foreign exchange markets, as traders continued to monitor liquidity and demand pressures.
According to data from the Central Bank of Nigeria, the official Nigerian Foreign Exchange Market (NFEM) rate stood at ₦1,373.25 per dollar, based on the latest trading figures. The apex bank noted that the market has maintained relative stability in recent sessions, supported by improved forex inflows and policy measures aimed at boosting liquidity.
Market data showed the naira trading within a narrow band of ₦1,370 to ₦1,372 against the dollar in official transactions during the period under review.
In the parallel market, commonly referred to as the black market, the dollar exchanged at around ₦1,395 for buying and ₦1,405 for selling. Some operators also reported rates closer to ₦1,385 in parts of major commercial centres such as Lagos.
The gap between the official and parallel market rates remained comparatively narrow, reflecting ongoing efforts to stabilise the foreign exchange market and improve transparency.
Analysts say the naira’s near-term performance will depend on foreign exchange inflows, import demand, external reserves, and broader market sentiment.