Dollar To Naira Exchange Rate Today, May 11, 2026

• Dollar To Naira Exchange Rate Today, May 11, 2026
• Official CBN exchange rate ranged between ₦1,355 and ₦1,366.
• Forex demand continues putting pressure on the Nigerian Naira.

The Nigerian Naira opened the new trading week with slight pressure against the United States Dollar across both the parallel market and the official foreign exchange market.

Checks on the black market on Monday showed that the Dollar exchanged at an average selling rate of ₦1,395, while the buying rate stood at ₦1,385.

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EKO HOT BLOG reports that at the official market monitored by the Central Bank of Nigeria, the Dollar traded between ₦1,355 and ₦1,366.

Dollar To Naira Exchange Rate TodayRate

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

The gap between the official and parallel market rates continued to reflect sustained demand for foreign exchange in Nigeria’s import, travel and business sectors.

Financial analysts have continued to urge Nigerians to rely on official channels for foreign exchange transactions, while businesses closely monitor movements in the market due to the impact on prices of goods and services.

The Naira has experienced fluctuations in recent months amid ongoing reforms in the foreign exchange market and efforts by the Federal Government and the Central Bank of

Nigeria to improve liquidity and stabilise the currency.

Currency traders also noted that demand for the Dollar remained high among importers, international students and travellers, contributing to the pressure on the local currency.

Meanwhile, economic observers say future movements in the exchange rate may depend on foreign inflows, oil revenue performance and monetary policy decisions by the apex bank.

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