Naira exchange rate today June 8 2026 — The Nigerian Naira opened the week relatively stable across the official Nigerian Foreign Exchange Market (NFEM) and the parallel (black) market.
Official market data from the Central Bank of Nigeria shows the Naira trading around ₦1,362–₦1,366 per US Dollar, while black market rates remain higher due to demand pressures in the informal forex market.
Analysts expect continued volatility as global economic developments and foreign exchange liquidity influence market sentiment.
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| Currency | Code | Official Rate (₦) | Black Market Buy (₦) | Black Market Sell (₦) |
|---|---|---|---|---|
| US Dollar | USD | 1,362.21 | 1,390 | 1,400 |
| British Pound | GBP | 1,825 | 1,840 | 1,880 |
| Euro | EUR | 1,585 | 1,595 | 1,630 |
| Canadian Dollar | CAD | 990 | 993 | 1,002 |
| UAE Dirham | AED | 371 | 378 | 385 |
| Saudi Riyal | SAR | 363 | 370 | 376 |
| Chinese Yuan | CNY | 189 | 192 | 198 |
| South African Rand | ZAR | 75 | 77 | 81 |
| Ghana Cedi | GHS | 112 | 115 | 120 |
Naira exchange rate today June 8 2026 — Cryptocurrency Market Snapshot
| Cryptocurrency | Symbol | Approx. Price (USD) | Approx. Value in Naira (₦) |
|---|---|---|---|
| Bitcoin | BTC | $107,000 | ₦148.7 Million |
| Ethereum | ETH | $5,400 | ₦7.5 Million |
| Binance Coin | BNB | $950 | ₦1.32 Million |
| Solana | SOL | $240 | ₦333,000 |
| XRP | XRP | $3.10 | ₦4,309 |
| Dogecoin | DOGE | $0.42 | ₦584 |
Market Summary:
- The Naira remains relatively stable at the official market around ₦1,362/$.
- Black market Dollar rates are trading between ₦1,390 and ₦1,400/$.
- The Pound Sterling remains the strongest major currency against the Naira.
- Cryptocurrency prices continue to attract Nigerian investors amid forex demand.
- Market participants are monitoring CBN policies and foreign exchange inflows for further direction.
Note: Black market rates vary by location, dealer, transaction size, and timing. Rates are indicative and may change throughout the day.
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