- Dollar To Naira Exchange Rate Today, May 8th, 2026
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CBN official exchange rate ranged between ₦1350 and ₦1365.
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Forex market continues facing pressure from high dollar demand nationwide.
The Dollar to Naira exchange rate remained relatively stable across the black market and official foreign exchange window on Friday, May 8, 2026, amid continued pressure on Nigeria’s forex market.
Currency traders at the parallel market exchanged the United States Dollar at an average selling rate of ₦1398 and a buying rate of ₦1387, while rates at the official Central Bank of Nigeria (CBN) window ranged between ₦1350 and ₦1365.
Despite recent interventions by monetary authorities, demand for foreign exchange remains high across several sectors of the economy, including importation, travel, and international payments.
Dollar To Naira Black Market Rate Today
Dollar to Naira (USD to NGN)Black Market Exchange Rate TodaySelling Rate₦1398Buying Rate₦1387
Dollar To Naira CBN Rate Today
Dollar to Naira (USD to NGN)CBN Rate TodayHighest Rate₦1365Lowest Rate₦1350
Financial analysts have continued to monitor fluctuations in the foreign exchange market, warning that inflationary pressures and external economic factors could still affect the value of the naira in coming weeks.
Experts also advised Nigerians engaging in forex transactions to verify rates from credible sources before carrying out exchanges, as rates may vary across different markets and locations.
The gap between the official and parallel market rates has remained a key concern for businesses and investors, with stakeholders calling for policies that would improve forex liquidity and stabilize the naira.
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