- Dollar To Naira Exchange Rate Today, May 14th, 2026
- CBN official exchange rate traded between ₦1367 and ₦1376.
- Naira still faces pressure amid foreign exchange demand.
The Naira recorded slight fluctuations against the United States Dollar at both the black market and the official foreign exchange market on Thursday, May 14, 2026.
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EKO HOT BLOG reports that at the parallel market, also known as the black market, traders exchanged the Dollar at ₦1,398 selling rate and ₦1,388 buying rate. The rates reflected continued pressure on the local currency amid sustained demand for foreign exchange.
Meanwhile, data from the Central Bank of Nigeria (CBN) showed that the official exchange rate traded within the range of ₦1,367 and ₦1,376 per Dollar during the day’s trading activities.
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1388 |
| Selling Rate | ₦1398 |
| Dollar to Naira (USD to NGN) | CBN Official Rate |
|---|---|
| Highest Rate | ₦1376 |
| Lowest Rate | ₦1367 |
The gap between the official and parallel market rates continues to reflect ongoing volatility in Nigeria’s foreign exchange market, despite efforts by monetary authorities to stabilise the Naira.
Financial analysts have continued to urge stronger forex inflows, improved exports and increased investor confidence to ease pressure on the local currency.
The exchange rate remains a key factor affecting import costs, fuel prices, school fees abroad and general living expenses across the country.
According to available market data, the average official exchange rate stood around ₦1,371 per Dollar.
