The naira traded mixed on Monday, 8th June 2026, with the official window showing a slight depreciation while the black market remained relatively stable.
At the Central Bank of Nigeria official foreign exchange window, the naira opened at N1,362.8397 per dollar on the Nigerian Foreign Exchange Market, NFEM.
The currency closed at N1,362.1600 per dollar. “The naira traded at the Nigerian Foreign Exchange Market rate of N1,362.8397 per dollar and closed at N1,362.1600 per dollar,” data from the CBN platform showed.
Compared to the N1,362.2123 recorded on 5th June, the naira depreciated by at least N0.67.
In the parallel market, commonly called the black market or Aboki rate, dealers quoted the dollar at N1,395 for buying and N1,400 for selling. “The Naira-to-dollar exchange rate at the black market on Monday, 8th June, 2026, was N1,395 and N1,400 per dollar for the buying and selling rates, respectively,” according to Aboki FX.
The buying rate appreciated by N5 from the previous session, while the selling rate remained unchanged.
Market analysts noted that the premium between the official and parallel windows has narrowed significantly compared to 2024 levels. “The premium between parallel and official is around N10–N30, much narrower than the N300+ gap of 2024,” one market tracker said.
Dealers across Lagos, Abuja and Kano reported moderate activity with no major volatility.
Rates can vary slightly by location and transaction volume, with Lagos Island, Lekki and Abuja often trading higher than Lagos Mainland.
Traders advised the public to check rates before any large transaction because parallel rates move daily.
