Naira Exchange Rates Today — 6/1/2026
The Exchange rate of the Naira against major currencies at both the Official and the Black Market window, as at Monday, 1 June 2026
The Exchange rate of the Naira against major currencies at both the Official and the Black Market window, as at Monday, 1 June 2026
In a nationwide broadcast marking his administration’s three years in office, emphasised that under his watch, the All Share Index (ASI) on the Nigerian Exchange Limited (NGX) rose from 53,000 points in 2023 to 250,000 points in 2026, while market capitalisation surged from N30 trillion to N160 trillion.
Conversely, activity in the unofficial parallel market, commonly referred to as the black market, mirrored the stability seen in the official window. Street traders in major currency hubs, including Lagos and Abuja, are buying the greenback at an average rate of 1,410 Naira and selling between 1,420 Naira and 1,425 Naira per Dollar.
The company’s Chairman Imo-Abasi Jacob, disclosed this noting that the company has recorded significant growth over the last three years following the emergence of a new core investor.
Austin Laz & Company Plc is a Nigerian engineering and manufacturing conglomerate. They specialize in producing industrial ice block machines, refrigerators, air conditioners, aluminum roofing sheets, and thermoplastic products like coolers.
In an address of welcome, the Managing Director and Chief Executive Officer of Nestlé Nigeria PLC, Wassim Elhusseini, said that sustainable access to quality nutrition can only be achieved through resilient value chains supported by long-term investments in sourcing, manufacturing, distribution, livelihoods, and environmental sustainability.
In the parallel market, also known as the black market, the dollar traded at around ₦1,390 to ₦1,397 for selling, while buying rates hovered between ₦1,385 and ₦1,390 depending on location and transaction volume.
According to the company, it had entered into an agreement with Barclays Capital Securities Limited to execute the programme through on-market purchases of its ordinary shares, which would subsequently be acquired by the company.
Bureau De Change operators in Lagos and Abuja quoted the dollar at around ₦1,385 for buying and between ₦1,395 and ₦1,400 for selling.
“Our target really is to get the larger part of the society to buy. Because it is a very good… I think it’s better you buy… you are looking at this now, people don’t know we are going to have 10 percent of the entire America’s production in terms of refining,” the billionaire said.