Dollar to Naira Exchange Rate Today, May 26, 2026

On Tuesday, May 26, 2026, the Nigerian naira exhibited stable trading against the United States dollar, maintaining a narrow range in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.

This stability occurs amid ongoing efforts by the Central Bank of Nigeria to stabilize the foreign exchange market.

According to data from the Central Bank of Nigeria, the naira was trading at approximately ₦1,375 to the dollar in the official market. Recent figures revealed that the exchange rate fluctuated between ₦1,374 and ₦1,377 per dollar throughout the trading sessions.

Market analysts point to several factors contributing to this relative stability, including improved liquidity in the foreign exchange market, sustained investor confidence, and positive expectations for inflows into the financial system.

Additionally, reports indicated that turnover in the interbank foreign exchange market remained moderate, despite minor fluctuations in demand.

In the parallel market, also known as the black market, the dollar traded at around ₦1,390 to ₦1,397 for selling, while buying rates hovered between ₦1,385 and ₦1,390 depending on location and transaction volume.

The gap between the official and parallel market rates remained relatively narrow, reflecting ongoing reforms by the apex bank aimed at improving transparency and liquidity in the foreign exchange system.

Currency traders said demand from importers and individuals seeking foreign exchange for travel, tuition, and business transactions continued to exert pressure on the naira despite recent gains recorded in the official market.