Dollar to Naira exchange rate Today, June 11, 2026: Nigerian currency continues depreciation
The naira continued its downward trend against the United States dollar at the official foreign exchange market on Thursday, ahead of the Democracy Day public holiday.
Figures released by the Central Bank of Nigeria (CBN) indicated that the local currency closed at N1,363.83 per dollar, compared to N1,362.05 recorded on Wednesday.
This represents a depreciation of N1.79 against the dollar within a 24-hour period.
At the parallel market, however, the naira remained unchanged, trading at N1,395 per dollar on Thursday. The rate has remained stable since Monday, maintaining the same value throughout the week.
The latest development comes as Nigeria’s external reserves continue to grow. Data from the apex bank showed that foreign reserves rose to $50.43 billion as of June 10, 2026, from $50.35 billion recorded a day earlier.
Reports indicate that the naira has experienced a mix of gains and losses in recent trading sessions during the week under review.
It is worth noting that the Federal Government declared Friday a public holiday in celebration of Democracy Day, bringing official local currency trading activities for the week to a close.