- Dollar To Naira Exchange Rate Today, June 17, 2026
- Official CBN exchange rate ranged from ₦1,355 to ₦1,359.
- Gap between official and parallel rates remained noticeable.
The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) remained relatively stable on Wednesday, June 17, 2026, across both the parallel market and the official foreign exchange market.
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EKO HOT BLOG reports that at the black market, also known as the parallel market, traders bought one US dollar at ₦1,390 and sold it at ₦1,400. The rates reflect the continued demand for foreign currency among individuals and businesses seeking access to dollars outside the official market.
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1,390 |
| Selling Rate | ₦1,400 |
Meanwhile, data from the Central Bank of Nigeria (CBN) showed that the dollar traded between ₦1,355 and ₦1,359 in the official foreign exchange market.
| Dollar to Naira (USD to NGN) | CBN Official Rate |
| Highest Rate | ₦1,359 |
| Lowest Rate | ₦1,355 |
The difference between the official and parallel market rates highlights the continued pressure on Nigeria’s foreign exchange market. Analysts believe efforts by monetary authorities to improve dollar liquidity and stabilise the naira remain key factors influencing exchange rate movements.
Currency exchange rates may vary slightly depending on location, transaction volume and individual forex dealers.
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