Naira Exchange Rate Today — The Nigerian Naira remained relatively stable against major foreign currencies on Friday, June 5, 2026, amid sustained foreign exchange reforms and improved liquidity in the official market.
Data from the Central Bank of Nigeria (CBN) and the Nigerian Foreign Exchange Market (NFEM) indicate that the naira is trading within the ₦1,357–₦1,373 range against the United States Dollar in the official market. Meanwhile, the parallel market, popularly known as the black market, continues to trade at a premium above official rates.
Market analysts attribute the relative stability to ongoing forex market reforms, improved transparency, and increased foreign exchange inflows. However, demand pressure from importers and travelers continues to influence black market rates.
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Naira Exchange Rates Today (Friday, June 5, 2026)
| Currency | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|
| 🇺🇸 US Dollar (USD) | 1,357.26 | 1,380 | 1,393 |
| 🇬🇧 British Pound (GBP) | 1,822.67 | 1,840 | 1,880 |
| 🇪🇺 Euro (EUR) | 1,574.83 | 1,590 | 1,620 |
| 🇨🇦 Canadian Dollar (CAD) | 990.00 | 993 | 1,002 |
| 🇦🇺 Australian Dollar (AUD) | 885.00 | 900 | 920 |
| 🇨🇭 Swiss Franc (CHF) | 1,675.00 | 1,690 | 1,720 |
| 🇨🇳 Chinese Yuan (CNY) | 188.00 | 192 | 198 |
| 🇯🇵 Japanese Yen (JPY) | 9.35 | 9.60 | 10.00 |
| 🇸🇦 Saudi Riyal (SAR) | 363.00 | 370 | 380 |
| 🇦🇪 UAE Dirham (AED) | 371.00 | 378 | 388 |
Market Outlook
The naira continues to benefit from improved liquidity in the official market, with recent trading data showing rates hovering around ₦1,360–₦1,373 per dollar. The gap between official and parallel market rates has narrowed significantly compared to previous months, reflecting greater market confidence and improved foreign exchange availability.
Financial analysts expect the naira to remain largely stable in the near term, although global oil prices, foreign reserves, and external capital inflows will remain key factors influencing future exchange rate movements.
Disclaimer: Black market rates vary across cities and dealers. Rates quoted above represent prevailing market averages as of Friday morning, June 5, 2026.
Official market data show the naira trading around ₦1,357–₦1,373 per US dollar, while parallel market rates remain slightly higher.
Black market rates for USD, GBP, EUR and CAD are based on prevailing market averages reported on June 5, 2026.
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