The Nigerian Naira has continued to trade within a relatively stable range against the United States Dollar in both the official and parallel foreign exchange markets as of Tuesday, June 2, 2026.
In the official market, the exchange rate hovered around ₦1,372 to ₦1,375 per dollar, according to recent market data, reflecting a marginal fluctuation in currency trading.
Similarly, in the parallel market, commonly referred to as the black market, the naira exchanged at approximately ₦1,380 to ₦1,385 per dollar.
The narrow gap between the official and parallel market rates indicates a period of relative stability compared to previous volatility in the foreign exchange market.
Analysts note that the Central Bank of Nigeria (CBN) has continued its interventions aimed at managing liquidity and reducing pressure on the naira, contributing to the current trading pattern.
Despite the stability, market operators say demand for foreign exchange remains high, particularly for importation, education, and travel-related transactions.
The naira’s performance in the coming weeks is expected to be influenced by dollar supply, oil revenue inflows, and ongoing monetary policy measures.