Naira Slumps Again — Now Trading at N1,383/$ at the Official FX Market
By: Abudu Olalekan
The naira opened this week the same way it closed last week. Slipping.
By the close of trading on Monday, June 29, 2026, the Nigerian currency was exchanging hands at N1,383.63 per US dollar at the Central Bank of Nigeria’s official foreign exchange window. When the session wrapped up, it had drifted further to N1,385.00.
Friday’s close? N1,380.93. So we’re looking at a drop of roughly N2.69 in just one trading day. Small move, but it’s the direction that matters.
The numbers come straight from the CBN’s official platform, pulled from the Nigerian Foreign Exchange Market (NFEM) window.
Parallel Market Telling the Same Story
It’s not just the official window feeling the heat. Out at the black market, things moved similarly.
Aboki FX data shows the dollar going for N1,390 to buy on Monday and N1,395 to sell. Compare that to Friday — buying slipped by N3, selling dropped by N5.
Both windows. Same downward drift. Whether you’re tracking the official rate or the street rate, the naira isn’t catching a break right now.
Olalekan A. Abudu is a seasoned and dedicated News Journalist at REPORTERS ROOM, with over eight years of experience. He specializes in politics, climate change, health, and education, while also covering security, economic, and judicial issues. Committed to accuracy and balanced reporting, Olalekan exemplifies the principles of public-interest journalism.
