Dollar to Naira Exchange Rate Today, May 20, 2026

On May 20, 2026, the Nigerian naira exhibited mixed results against the United States dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, amid ongoing demand for foreign exchange.

According to data released by the Central Bank of Nigeria, the naira closed at approximately ₦1,373.65 per dollar at the official NFEM window.

This marks a slight depreciation of 15 kobo from the previous session, where it stood at ₦1,373.50.

At the parallel market, also known as the black market, the dollar exchanged around ₦1,390 for buying and ₦1,400 for selling in major trading hubs including Lagos and Abuja.

Market reports indicated that the gap between the official and parallel market rates remained relatively narrow, reflecting ongoing efforts by monetary authorities to stabilise the foreign exchange market and improve liquidity.

Analysts attributed recent movements in the naira to sustained demand pressure from importers and businesses, despite interventions by the Central Bank aimed at boosting dollar supply in the formal market.

The NFEM remains Nigeria’s official foreign exchange market where exchange rates are determined through market trading activities supervised by the Central Bank.