The Nigerian naira traded within a relatively steady range against the United States dollar on Tuesday, June 2, 2026, in both the official and parallel foreign exchange markets, as traders continued to watch liquidity levels and demand pressures.
Data from the Central Bank of Nigeria (CBN) showed that the official exchange rate at the Nigerian Foreign Exchange Market (NFEM) settled at about ₦1,373.25 to the dollar, based on the latest available trading figures. The official window has maintained a largely stable trend in recent sessions, supported by improved dollar inflows and policy measures aimed at easing pressure on supply.
Market data also indicated that the naira traded between ₦1,370 and ₦1,372 per dollar within official market transactions during the day.
In the parallel market, the dollar exchanged at around ₦1,395 for buying and ₦1,405 for selling, maintaining a noticeable premium over the official rate. Some traders, however, placed the greenback at about ₦1,385 in certain informal markets across major commercial hubs, including Lagos.
The continued gap between both markets remained relatively moderate compared to earlier months, reflecting ongoing adjustments in foreign exchange liquidity and market conditions.
Analysts note that the naira’s short-term performance will likely depend on foreign exchange inflows, import demand, external reserves, and overall investor sentiment.
At the close of trading, the dollar averaged ₦1,373.25 at the official window, while it sold between ₦1,395 and ₦1,405 in the parallel market.
