Naira Exchange Rate Today June 24 2026 — The Nigerian naira traded relatively stable on Wednesday as the gap between the official Nigerian Foreign Exchange Market (NFEM) rate and the parallel market rate remained narrow. Market analysts say improved foreign exchange liquidity and steady inflows have helped reduce volatility in recent weeks.
In the cryptocurrency market, Bitcoin continued to hold above the psychological $100,000 mark, while Ethereum maintained strong momentum as institutional investors increased exposure to digital assets. Traders remain cautious ahead of key global economic data releases expected later this week.
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Naira Exchange Rate Today June 24 2026: Official vs Black Market Exchange Rates
| Currency | Official Rate (CBN/NFEM) | Black Market Buy | Black Market Sell |
|---|---|---|---|
| US Dollar (USD) | ₦1,369.11 | ₦1,385 | ₦1,400 |
| British Pound (GBP) | ₦1,815.44 | ₦1,848 | ₦1,878 |
| Euro (EUR) | ₦1,566.39 | ₦1,580 | ₦1,625 |
| Canadian Dollar (CAD) | ₦990.00 | ₦993 | ₦1,000 |
| Saudi Riyal (SAR) | ₦362.00 | — | — |
| Japanese Yen (JPY) | ₦9.00 | — | — |
| Swiss Franc (CHF) | ₦1,724.00 | — | — |
| South African Rand (ZAR) | ₦87.00 | — | — |
Cryptocurrency Market Snapshot
| Cryptocurrency | Market Trend |
|---|---|
| Bitcoin (BTC) | Bullish |
| Ethereum (ETH) | Bullish |
| Binance Coin (BNB) | Stable |
| Solana (SOL) | Positive |
| XRP | Mixed |
| Cardano (ADA) | Stable |
| Dogecoin (DOGE) | Slightly Positive |
Key Market Highlights
- The official NFEM rate remained around ₦1,369/$, reflecting continued stability in the formal forex market.
- Parallel market traders quoted the dollar between ₦1,385 and ₦1,400.
- The spread between official and black market rates stayed below ₦35, one of the narrowest margins seen in recent months.
- Cryptocurrency adoption among Nigerian youths and businesses continued to support local trading volumes despite regulatory scrutiny.
- Investors are monitoring global interest-rate signals and oil prices for clues on future naira and crypto market direction.
Outlook
Financial analysts expect the naira to remain within its current trading range if foreign exchange inflows stay strong and the Central Bank maintains liquidity support. Meanwhile, cryptocurrency traders are watching Bitcoin and Ethereum closely for the next major breakout as institutional demand remains robust.
Source: CBN/NFEM, FMDQ Exchange, Parallel Market Data, and Market Monitoring Reports.
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