Dollar to Naira Exchange Rate Today, May 15, 2026

On Friday, May 15, 2026, the Nigerian naira exhibited a mixed performance against the United States dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.

Traders closely monitored factors such as forex liquidity and demand pressures.

In the official market, data from the Central Bank of Nigeria revealed that the naira was trading at approximately ₦1,371 per dollar.

This reflects a slight depreciation from the previous session’s rate of about ₦1,368.95, indicating a minor weakening of the local currency at the official exchange window.

Meanwhile, in the parallel market, also known as the black market, the dollar traded around ₦1,392 to ₦1,395 depending on location and transaction volume. Currency dealers in Lagos and Abuja quoted buying rates slightly lower, while selling prices hovered close to the ₦1,395 mark.

The gap between the official NFEM rate and the parallel market rate remained relatively narrow at about ₦20 to ₦24 per dollar, reflecting continued efforts by monetary authorities to stabilize the foreign exchange market.

Data from the interbank market also showed that forex turnover declined significantly to about $78.8 million from roughly $130.6 million recorded in the previous session, suggesting weaker market activity and lower dollar supply during trading.

Financial analysts attributed the naira’s recent stability to sustained interventions by the Central Bank of Nigeria, improving external reserves, and increased participation by banks and investors in the official market. However, demand for foreign exchange from importers, travelers, manufacturers, and school fee payments continues to exert pressure on the local currency.