…Black market (Buying and selling rates): N1,395— N1,405
The Nigerian naira depreciated against the United States (US) dollar, trading at the rate of N1,357.1808 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Tuesday, 16th June 2026.
The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,357.1808 per dollar and closed at N1,356.5000 per dollar.
ALSO READ: Naira trades at N1,356.2704 against dollar at official FX market
The currency, which traded at an NFEM rate of N1,356.2704 on the 15th of June, 2026, has depreciated by at least N0.91 when compared to the trading rate on Tuesday
At the parallel market, the naira-to-dollar buying rate appreciated by N2, while the selling rate appreciated by N5 when compared to the previous trading rate on 10th June, 2026.
According to Aboki FX, the Naira-to-dollar exchange rate at the black market on Tuesday, 16th June, 2026, was N1,395 per dollar for the buying rate and N1,405 per dollar for the selling rate.
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