#Naira

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 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.

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, 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 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.

Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has inaugurated the CBN Naira Ambassadors Club, which aims to encourage young Nigerians, particularly secondary school students, to respect and properly handle the Naira. The initiative seeks to promote currency protection among the youth, according to Vanguard Business.

BitShop has launched the latest version of its digital finance app, which offers a fast cryptocurrency-to-Naira exchange and facilitates seamless bill payments. This update aims to enhance user experience in managing digital currencies and everyday transactions.