The naira maintained a relatively stable position against the United States dollar in the official foreign exchange market on Thursday, August 6, 2026.

The gap between the Nigerian Foreign Exchange Market and the parallel market remained noticeable.

Data published by the Central Bank of Nigeria showed that the official NFEM rate was around N1,362.55 per dollar, compared with N1,364.83 recorded earlier this week.

The apex bank’s exchange rate window indicates that the naira has continued to trade within the N1,360 band in recent sessions.

In the parallel market, also known as the black market, the dollar was being sold at about N1,425 and bought around N1,410 on Thursday morning, according to market trackers and Bureau de Change quotations.

This puts the spread between the official NFEM rate and the parallel market selling rate at roughly N62 per dollar.

This reflects the continued premium paid by individuals and businesses sourcing foreign exchange outside the regulated market.

Market analysts said the relative stability in the official window suggests improved liquidity conditions and sustained intervention by monetary authorities.

They added that demand pressure from importers, travelers, and other retail users continues to support higher rates in the informal market.

Recent CBN data show that the NFEM rate is derived from a volume-weighted average of transactions conducted in the official market, making it the benchmark exchange rate for regulated foreign exchange dealings in Nigeria.

For individuals and businesses, the rate that applies depends on the channel through which foreign exchange is purchased.

Banks and authorised dealers use the official NFEM rate, while street traders and some Bureau de Change operators transact at parallel market rates.