Naira Gains N1.05 at Official Window, Black Market Rates Mixed

By

The Nigerian naira appreciated against the US dollar at the Central Bank of Nigeria official foreign exchange window on Tuesday, 9th June 2026. Data from the CBN platform shows the naira traded at N1,360.5519 per dollar at the Nigerian Foreign Exchange Market. It closed at N1,359.5000 per dollar.

Compared to Monday's rate of N1,362.8397, the naira gained at least N1.05. The slight improvement reflects continued stability at the official market.

At the parallel market, the black market, the situation was mixed. According to AbokiFX, the buying rate for the naira depreciated by N5, falling to N1,390 per dollar. The selling rate remained unchanged at N1,400 per dollar.

Traders say demand pressures persist in the unofficial market, but the official window shows steady supply from the CBN. The gap between the two markets now stands at about N30.

Forex News

11 key things to know as FG changes the NIN law with new NIMC Act 2026
ABOKI FOREX
SEC admits 7 more crypto firms into regulatory sandbox, total now 9
ABOKI FOREX
Petrol Price War: Marketers Slash PMS Costs by Up to N43 as Dangote Refinery Cuts Again
ABOKI FOREX
Why petrol landing cost is falling below Dangote refinery price
ABOKI FOREX
Beta Glass Plc Posts ₦37.5bn Revenue, Elects New Board at 52nd AGM
ABOKI FOREX
Why petrol is still above N1,000: Dangote, importers battle for market control
ABOKI FOREX
Cooking gas prices drop by over N1,000 per kg as depots cut rates
ABOKI FOREX
Naira Mixed Against US Dollar: Gains in Official Market, Falls in Black Market
ABOKI FOREX
NNPC Slashes Petrol Pump Prices Again, Lagos Drops to N1,170 and Abuja to N1,210
ABOKI FOREX
Dangote Cement chairman blames energy costs, forex for high cement prices
ABOKI FOREX