Naira trades at ₦1,373.25/$ in official market; parallel market at ₦1,395-₦1,405

The naira stood at ₦1,373.25 per dollar in Nigeria's official Foreign Exchange Market (NFEM) on Tuesday, May 27, 2026, according to Central Bank of Nigeria data. Market trackers showed the official rate trading between ₦1,370-₦1,372 on June 2, 2026. Meanwhile, parallel market traders quoted the naira between ₦1,395 and ₦1,405 per dollar. CBN analysts say the naira's direction in coming days will depend on foreign exchange inflows, import demand, external reserve levels, and broader market sentiment. This exchange rate directly affects import costs, inflation, and purchasing power for businesses and households nationwide. With official and parallel market gaps widening, individuals sending remittances or paying for overseas goods should monitor CBN policy signals and forex flow reports to anticipate potential naira movement and adjust financial planning accordingly.

SOURCE: https://www.channelstv.com/2026/06/02/naira-to-dollar-exchange-rate-today-june-2-2026/