The Nigerian naira traded within a relatively stable range against the United States dollar on Tuesday, June 2, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders continued to monitor forex liquidity and demand conditions.
According to data from the Central Bank of Nigeria (CBN), the latest official NFEM exchange rate stood at ₦1,373.25 per dollar, based on the most recent trading figures. The official market has remained relatively stable in recent sessions, supported by sustained foreign exchange inflows and regulatory interventions aimed at improving liquidity.
Market trackers also showed the naira trading within the ₦1,370 to ₦1,372 range against the dollar in official market transactions on June 2.
In the parallel market, commonly referred to as the black market, the dollar exchanged at around ₦1,395 for buying and ₦1,405 for selling on Tuesday morning, maintaining a premium over the official rate. Some market monitors also quoted the dollar at approximately ₦1,385 in informal trading across major commercial centres, including Lagos.
The gap between the official and parallel market rates remained relatively narrow compared to previous months, reflecting ongoing efforts to improve forex supply and market transparency. Analysts say the direction of the naira in the coming days will depend on foreign exchange inflows, import demand, external reserve levels and overall market sentiment.
At the official market, one US dollar traded at approximately ₦1,373.25, while parallel market traders quoted the currency between ₦1,395 and ₦1,405.
