Naira exchange rate today June 1 2026 — The Nigerian Naira opened the new month on a relatively stable note against major foreign currencies across both the official and parallel markets. Market observers say improved foreign exchange liquidity and sustained interventions in the official market have continued to support the local currency despite ongoing demand pressures.
According to available market data, the official Nigerian Foreign Exchange Market (NFEM) rate for the US Dollar traded around ₦1,371–₦1,375 per dollar, while parallel market rates hovered between ₦1,385 and ₦1,405 depending on location and transaction volume.
Naira Exchange Rate Table – June 1, 2026
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,375.25 | 1,385 | 1,405 |
| British Pound (GBP) | 1,848.62 | 1,840 | 1,880 |
| Euro (EUR) | 1,601.48 | 1,590 | 1,630 |
| Canadian Dollar (CAD) | 990.00 | 993 | 1,001 |
| Saudi Riyal (SAR) | 366.35 | 366 | 370 |
| Japanese Yen (JPY) | 8.63 | 8.60 | 8.80 |
Market Outlook
Financial analysts expect the Naira to remain within its current trading range this week as traders monitor foreign portfolio inflows, crude oil prices, and monetary policy developments. The Central Bank of Nigeria continues to emphasize market transparency and liquidity management in the foreign exchange market.
For Nigerians involved in international trade, tuition payments, travel, and remittances, exchange rate movements will remain a key factor influencing costs and purchasing power throughout June.
Key Takeaway
The Naira begins June 2026 on a relatively stable footing against major global currencies. However, traders and investors will continue to watch developments in the oil market, foreign exchange inflows, and Central Bank policies for clues about the currency’s direction in the coming weeks.
Disclaimer: Exchange rates are subject to change and may vary across banks, Bureau De Change operators, fintech platforms, and regions of Nigeria.
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