Reports from Nigeria’s official and parallel foreign exchange markets show the naira largely trading within relatively stable ranges against the US dollar across multiple dates in 2026. Coverage from Vanguard indicates that on several days—such as May 5, May 25, May 20, June 19, and May 22—the naira stays mostly steady on both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, with trading described as low-volatility or within a narrow band. Some reports also note ongoing demand for foreign exchange as a factor shaping movement.

Other reporting highlights variations between official and parallel rates. Vanguard notes cases where the parallel market quotes the US dollar at a premium, including on July 20. On May 13, Vanguard provides specific parallel-market levels in Lagos, where the naira exchanges roughly between ₦1,395 and ₦1,405 per dollar.

Daily Post Nigeria reports a sharper depreciation on June 18 at the official market, citing Central Bank of Nigeria data: the naira falls to about ₦1,370.46 per dollar from about ₦1,363.30 the previous day. Vanguard’s own June 18 report describes relative stability at the NFEM on that date amid liquidity and demand pressures.