By Ayomide Otitoju
The Nigerian naira traded relatively stable against the United States dollar on Wednesday, June 10, 2026, across both the official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria exchange rate portal showed that the official rate at the Nigerian Foreign Exchange Market (NFEM) stood at approximately ₦1,360.55 per dollar, compared with a closing rate of ₦1,359.50 per dollar recorded in the previous trading session.
The marginal movement reflected continued stability in the official market, where the naira has traded within a relatively narrow range in recent days.
In the parallel market, the dollar exchanged at between ₦1,400 and ₦1,405, indicating a moderate premium over the official rate.
Recent market trends showed the naira posting modest gains in the official market over the past week, with the exchange rate fluctuating between ₦1,360 and ₦1,375 to the dollar.
Foreign exchange traders and investors continued to monitor market liquidity levels and demand pressures, factors that remain key determinants of currency performance.
Analysts noted that sustained stability in the foreign exchange market will depend largely on adequate dollar supply, improved liquidity and continued confidence in ongoing monetary reforms.
