Naira depreciates to N1,383/$ at official FX market

By —

The Nigerian naira started the week on a weak note against the US dollar at the official foreign exchange market. Data from the Central Bank of Nigeria shows the naira traded at N1,383.6262 per dollar on Monday, June 29, 2026.

This represents a slight depreciation of N2.69 compared to the previous rate of N1,380.9329 recorded on Friday, June 26, 2026. The currency closed at N1,385.0000 per dollar at the Nigerian Foreign Exchange Market.

At the parallel market, the naira also lost ground. AbokiFX data shows the buying rate fell by N3 to N1,390 per dollar. The selling rate dropped by N5 to N1,395 per dollar.

Traders say demand pressure continues to weigh on the naira across both markets.

Forex News

FG slashes import duties by 50% as new Green Tax takes effect
ABOKI FOREX
Diaspora Insurance Helps Africans Abroad Cover Costly Funeral Expenses
ABOKI FOREX
NDIC pays N37.65 billion to failed bank customers, recovers N42.69 billion in debts
ABOKI FOREX
Canal+ confirms HBO shows pulled from DStv Premium as licensing talks stall
ABOKI FOREX
FG begins green tax collection on imported vehicles: What you need to know
ABOKI FOREX
CBN shuts Goldman Microfinance Bank, gives four reasons
ABOKI FOREX
CBN explains why it revoked licences of 46 microfinance banks
ABOKI FOREX
World Bank approves $1.25 billion reform financing for Nigeria
ABOKI FOREX
CBN revokes licences of 46 microfinance banks, full list released
ABOKI FOREX
Naira gains against dollar as forex liquidity improves, turnover jumps 20%
ABOKI FOREX