- Dollar to Naira Exchange Rate Today, 23rd June 2026
- Black market rates remained higher, averaging up to ₦1,405 per dollar.
- Market stability continues but pressure from demand persists.
The Dollar to Naira exchange rate on 23rd June 2026 shows continued pressure on the local currency as market forces remain active across both official and parallel markets. The naira has maintained a relatively stable trading pattern in recent days, although gaps between official and black market rates persist.
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EKO HOT BLOG reports that the foreign exchange market continues to reflect demand pressures, limited dollar supply, and ongoing adjustments in monetary policy measures aimed at stabilising the currency.
Dollar to Naira Exchange Rate (23rd June 2026)
| Market Type | Exchange Rate (USD to NGN) |
|---|---|
| Official Rate | ₦1,360 per $1 |
| Black Market Rate | ₦1,395 – ₦1,405 per $1 |
The official exchange rate remains around ₦1,360 per dollar, while the black market rate trades higher between ₦1,395 and ₦1,405. The difference between both markets continues to highlight the pressure on dollar availability in the official foreign exchange window.
Market analysts note that the naira’s performance is influenced by import demand, limited foreign reserves inflow, and speculative trading activities in the parallel market. Despite these challenges, recent trends suggest a degree of stability compared to earlier volatility periods.
The Central Bank of Nigeria’s ongoing interventions and policy adjustments are aimed at narrowing the gap between both markets and improving liquidity in the official window.
