Naira exchange rate today — The Nigerian Naira traded relatively stable against major foreign currencies on Saturday, June 6, 2026, across both the official and parallel (black market) foreign exchange markets.
Recent data from the Central Bank of Nigeria (CBN) showed the official exchange rate hovering around ₦1,357/$1, while parallel market rates remained higher due to demand pressures and limited foreign exchange supply. The Naira continues to benefit from improved liquidity in the official market despite ongoing pressure in the informal market.
Official & Black Market Naira Exchange Rate Today (June 6, 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) | 987.00* | 985 | 1,000 |
| Saudi Riyal (SAR) | 362.00 | 355 | 365 |
| South African Rand (ZAR) | 87.00 | 85 | 87 |
| Japanese Yen (JPY) | 9.00 | 8.80 | 9.20 |
| Swiss Franc (CHF) | 1,724.00 | 1,700 | 1,740 |
*Estimated market equivalent where official daily quote was unavailable.
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Cryptocurrency Prices in Naira
| Cryptocurrency | Approximate Price (₦) |
|---|---|
| Bitcoin (BTC) | ₦83,337,243 |
| Ethereum (ETH) | ₦2,450,000 |
| Tether (USDT) | ₦1,379 |
| BNB | ₦920,000 |
| Solana (SOL) | ₦235,000 |
| XRP | ₦3,250 |
| Dogecoin (DOGE) | ₦320 |
Market Outlook
Foreign exchange analysts expect the Naira to remain within the ₦1,350–₦1,400 range against the US Dollar in the near term as market participants monitor CBN interventions, external reserves, and foreign portfolio inflows. The gap between official and parallel market rates has narrowed significantly compared to previous years, indicating improved market efficiency and liquidity. 1
Cryptocurrency demand among Nigerian investors remains strong, particularly for Bitcoin and USDT, which continue to serve as alternative stores of value and cross-border payment options amid exchange-rate fluctuations.
Disclaimer: Exchange rates vary by location, transaction volume, and dealer. Black market rates are indicative averages obtained from market sources and may change throughout the day.
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