Dollar exchange rate in nigeria today, june 3, 2026
Latest data from the Central Bank of Nigeria (CBN) shows that the naira traded at about ₦1,373.25 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, maintaining the same level recorded at the previous trading sessions’ close.
The rate represents the volume-weighted average exchange rate adopted in the official market and recognised by the apex bank.
Market tracking platforms also indicated that the official exchange rate remained within the ₦1,370–₦1,375 band, suggesting continued stability in the formal foreign exchange market.
Analysts attribute the relative convergence in rates to improved forex liquidity and ongoing policy reforms aimed at enhancing transparency in Nigeria’s foreign exchange system.
Based on prevailing rates, $100 exchanges for approximately ₦137,325 at the official NFEM rate, while the same amount could fetch between ₦138,500 and ₦140,000 on the parallel market.
