Naira Exchange Rates Monday June 15, 2026
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,393 Sell ₦1,400
GREAT BRITISH POUND (GBP) Buy ₦1,845 Sell: ₦1,865
EURO (EUR) Buy ₦1,185 Sell ₦1, 605
Foreign Exchange
Naira to Dollar exchange rate May 26, 2026
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.
Otedola speculates Naira will trade below ₦1,000/$1 before year-end, driving by Dangote Refinery
With domestic refining now in full swing after decades of reliance on fuel imports, pressure on the foreign exchange market is expected to ease considerably.
Manufacturing sector worst hit in unpaid $2.4bn FX backlogs by CBN -MAN
Worse still, the commercial banks have continued to charge dollar account along with other Naira bank charges such as 35% interest rate on the facilities that these companies have with their banks.