Naira exchange rate today June 4 2026 — The Nigerian naira traded within a relatively stable range on Thursday as the gap between the official foreign exchange market and the parallel (black) market remained relatively narrow. Market analysts attribute the stability to improved liquidity in the official market and sustained activity in the interbank segment. 0
At the Nigerian Foreign Exchange Market (NFEM), the naira traded around ₦1,367–₦1,375 per US dollar, while parallel market rates hovered around ₦1,390–₦1,400 per dollar depending on location and transaction volume.
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Naira Exchange Rate Today (June 4, 2026)
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| US Dollar (USD) | 1,367 – 1,375 | 1,381 | 1,390 – 1,400 |
| British Pound (GBP) | 1,833 | 1,840 | 1,880 |
| Euro (EUR) | 1,584 | 1,585 | 1,615 |
| Canadian Dollar (CAD) | 990 | 996 | 1,004 |
| Saudi Riyal (SAR) | 364 | 370 | 378 |
| UAE Dirham (AED) | 372 | 378 | 385 |
| Chinese Yuan (CNY) | 189 | 200 | 206 |
| South African Rand (ZAR) | 76 | 79 | 82 |
Market Outlook: Forex traders expect the naira to remain largely stable in the short term, supported by improved liquidity and continued Central Bank interventions. However, demand pressure from importers and foreign exchange users could continue to influence market movements.
Note: Black market rates vary by location, transaction size, and dealer quotations. Rates shown are average market indications as of Thursday, June 4, 2026.
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