Naira strengthens to ₦1,357.26 per dollar

Naira strengthens to ₦1,357.26 per dollar in official market on June 8, 2026, marking modest appreciation from previous levels above ₦1,360. According to Central Bank of Nigeria data, the currency gained ₦3.79, trading at ₦1,357.2615 compared to ₦1,361.0497 recorded earlier.

This means $100 now exchanges for ₦135,726 at the official NFEM window. Currency dealers note rates vary across locations depending on demand, volume, and FX availability.

The naira's recent performance reflects improved market conditions, though analysts warn future movement depends on FX inflows, foreign portfolio investments, crude oil receipts, and overall market liquidity. Businesses and individuals planning international transactions should monitor these indicators for rate volatility.

SOURCE: https://www.channelstv.com/2026/06/08/naira-to-dollar-exchange-rate-today-june-8-2026/