Dollar To Naira Exchange Rate Today, June 5, 2026

Dollar To Naira Exchange Rate Today, June 5, 2026
Black market recorded higher dollar demand than CBN official window.
Analysts link pressure on naira to limited forex supply issues.

The naira traded at mixed levels against the US dollar on Thursday, June 5, 2026, across official and parallel foreign exchange markets in Nigeria. Market operators reported continued pressure on the local currency as demand for dollars remained steady among importers, travellers and businesses.

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EKO HOT BLOG reports that the gap between the official rate and the black market rate continues to reflect ongoing supply challenges in the foreign exchange market, despite regulatory efforts by the Central Bank of Nigeria (CBN) to stabilise the naira.

Below is a breakdown of today’s exchange rates:

Market	Buying Rate	Selling / Highest Rate	Lowest Rate
Black Market	₦1380	₦1395	₦1380
CBN Official Market	₦1356	₦1361	₦1356

In the parallel market, the dollar was bought at ₦1380 and sold at ₦1395, reflecting stronger demand outside official channels. Meanwhile, the CBN official rate remained relatively lower, with the highest rate recorded at ₦1361 and the lowest at ₦1356.

Traders attributed the continued pressure on the naira to limited dollar supply and increased demand across key sectors of the economy. Despite this, the official market has maintained a relatively tighter range due to regulatory oversight.

Financial analysts say the persistent gap between both markets highlights the need for improved liquidity and sustained monetary policy interventions to stabilise the foreign exchange market.

Dollar To Naira Exchange Rate Today, June 5, 2026

Market participants are expected to continue monitoring developments closely as businesses adjust pricing and planning strategies in response to ongoing currency fluctuations.