Naira Exchange Rate Today — The Nigerian foreign exchange market remained relatively stable on Friday, June 12, 2026, as the naira continued to trade across both the official and parallel (black) markets. Market participants monitored demand from importers, manufacturers, travelers, and investors, while cryptocurrency prices experienced moderate fluctuations.
Meanwhile, financial analysts believe that improved foreign exchange inflows, increased crude oil revenue, and sustained monetary policy measures could further support naira stability in the coming weeks.
“Exchange rate stability remains crucial for controlling inflation, encouraging investment, and strengthening Nigeria’s economic recovery.”
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Naira Exchange Rate Today June 12, 2026: Official and Black Market Exchange Rates
| Currency | Official Rate (₦) | Black Market Rate (₦) |
|---|---|---|
| US Dollar (USD) | ₦1,361.25 | ₦1,565 |
| British Pound (GBP) | ₦1,840 | ₦2,090 |
| Euro (EUR) | ₦1,555 | ₦1,770 |
| Canadian Dollar (CAD) | ₦995 | ₦1,120 |
| Chinese Yuan (CNY) | ₦189 | ₦215 |
| South African Rand (ZAR) | ₦76 | ₦88 |
| UAE Dirham (AED) | ₦371 | ₦430 |
| Saudi Riyal (SAR) | ₦363 | ₦420 |
Cryptocurrency Market Rates
| Cryptocurrency | Price (USD) | Equivalent in Naira (₦) |
|---|---|---|
| Bitcoin (BTC) | $109,850 | ₦172.0 Million |
| Ethereum (ETH) | $6,150 | ₦9.63 Million |
| BNB | $1,040 | ₦1.63 Million |
| Solana (SOL) | $295 | ₦462,000 |
| XRP | $3.18 | ₦4,980 |
| Dogecoin (DOGE) | $0.34 | ₦532 |
Furthermore, traders noted that the gap between the official and parallel market rates remains a major concern. However, the spread has narrowed compared to previous periods, indicating improving confidence in Nigeria’s foreign exchange market.
In addition, economic experts have urged policymakers to sustain reforms aimed at boosting export earnings, attracting foreign direct investment, and increasing non-oil revenue generation.
“A stronger naira depends not only on monetary policy but also on increased productivity, exports, and investor confidence in the Nigerian economy.”
As trading activities continue, businesses, importers, exporters, and investors are advised to monitor daily exchange rate movements before making major financial decisions.
Source: Foreign exchange market data, parallel market traders, and global cryptocurrency exchanges monitored on June 12, 2026.
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