- Dollar To Naira Exchange Rate Today, May 7, 2026
- CBN official window recorded highest rate of ₦1,365
- Naira remains under pressure amid forex market demand
The Dollar to Naira exchange rate remained under close watch on Wednesday as traders and businesses monitored movements in both the parallel market and official foreign exchange window.
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EKO HOT BLOG reports that at the black market, also known as the parallel market, the United States Dollar exchanged at an average selling rate of ₦1,400, while the buying rate stood at ₦1,385.
Meanwhile, rates at the Central Bank of Nigeria (CBN) official window showed slight variations, with the highest rate recorded at ₦1,365 and the lowest rate at ₦1,350.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦1400 |
| Buying Rate | ₦1385 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1365 |
| Lowest Rate | ₦1350 |
The continued gap between the black market rate and the official CBN window reflects sustained pressure on Nigeria’s foreign exchange market amid high demand for the US dollar.
Economic analysts have continued to urge efforts aimed at improving foreign exchange liquidity, boosting investor confidence, and stabilising the naira in the coming months.
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