Naira slides at official window, gains slightly on black market

By —

The Nigerian naira depreciated against the United States dollar at the Central Bank of Nigeria official foreign exchange window on Thursday, June 18, 2026.

Data from the CBN platform shows the naira traded at N1,363.3040 per dollar at the Nigerian Foreign Exchange Market rate. It closed at N1,365.5000 per dollar.

This marks a drop of at least N3.23 compared to Wednesday, June 17, when the NFEM rate was N1,360.0725.

At the parallel market, the naira performed slightly better. The buying rate appreciated by N5, while the selling rate went up by N2 compared to the previous trading day.

Black market rates stood between N1,400 and N1,407 for buying and selling.

Forex News

Nigerian equities market rebounds with N1.58 trillion gain
ABOKI FOREX
NRS confirms: Banks now charge 7.5% VAT on ATM card fees, not on savings
ABOKI FOREX
Naira gains as FX turnover hits $1.5bn in single day, CBN Cardoso credits reforms
ABOKI FOREX
Nigeria Launches Atlas Network to Lead Africa's Homegrown AI Push
ABOKI FOREX
Bosun Tijani Foundation Opens Gen AI Fellowship Cohort 2 with N50,000 Monthly Stipend for Nigerian Youths
ABOKI FOREX
FG Launches YouthCred Loan Scheme: N5,000 to N5 Million for NYSC Members, Salaried Workers, Entrepreneurs
ABOKI FOREX
Young Nigerian founders can now apply for iDICE N10 million startup scheme
ABOKI FOREX
Okada fares surge 130% in three years under Tinubu, NBS data shows
ABOKI FOREX
19 countries outside Africa Nigerians can visit without a visa in 2026
ABOKI FOREX
Single-day $1.5bn FX transaction lifts naira as market turnover surges
ABOKI FOREX