The naira experienced its most significant daily decline since April, closing at N1,389 per dollar in the official foreign exchange market on June 24, 2026, according to Nairametrics.

The Nigerian naira has depreciated by at least N9 against the United States dollar at the Central Bank of Nigeria's official foreign exchange window, according to Tribune Online.

On June 24, 2026, the Nigerian naira experienced its highest depreciation against the dollar in two weeks, according to data from the Central Bank of Nigeria. The official exchange rate reached N1,380.08 per dollar, marking a continued bearish trend for the currency in the foreign exchange market.

On June 25, 2026, Naija News reported on the current exchange rate of the US dollar to the Nigerian naira in the black market, also referred to as the parallel market, as provided by Aboki fx. The report highlights the ongoing fluctuations in currency exchange rates in Nigeria.

On June 25, 2026, the naira exhibited relative stability against the United States dollar in both official and parallel foreign exchange markets. Market participants are closely observing liquidity conditions and the supply of foreign exchange, which may influence the exchange rate.

Global oil prices have decreased to levels not seen since before the US-Iran war, leading to expectations for lower petrol prices, according to Daily Trust. Despite this drop, fuel prices in Nigeria continue to exceed N1,000, raising concerns about the slow transmission of global market changes to local consumers and businesses.