The Nigerian naira trades in mixed conditions against the US dollar across both the official foreign exchange market (NFEM) and the parallel market, with reports on different dates showing periods of relative stability alongside episodes of depreciation.

Vanguard reports that on several days in May and June, the naira holds a relatively steady range against the dollar in both markets, and that the parallel market often quotes the dollar at a premium. It also describes cases where the currency appears firmer after recent appreciation on the NFEM (as noted on August 18). On May 13, Vanguard says the parallel-market rate in Lagos moves between ₦1,395 and ₦1,405 per dollar.

Daily Post highlights a contrasting development on June 18, 2026, saying the naira records its highest depreciation of the week at the NFEM. It attributes the move to CBN data, reporting the naira falling to about ₦1,370.46 per dollar from ₦1,363.30 the prior day. By late August, Vanguard reports the naira at about ₦1,345.94 per dollar in the NFEM on August 27, indicating shifting dynamics over time.