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.

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.

The Naira has depreciated to N1,385 per dollar in the parallel market, a decline from N1,380 per dollar the previous day, according to Vanguard.

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.

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.

According to the Central Bank of Nigeria's monthly economic report for February 2026, net foreign exchange inflow into the economy decreased by 24 percent month-on-month, falling to $6.92 billion from $9.22 billion in January. The report indicated that this decline was driven by various factors, although specific reasons were not detailed in the blurb.