- Dollar To Naira Exchange Rate Today, May 16th, 2026
- Official CBN rate ranged between ₦1368 and ₦1374.
- Forex demand continues to pressure the Nigerian naira.
The Dollar to Naira exchange rate remained under close watch on Saturday, May 16, 2026, as traders and businesses continued to monitor movements in both the parallel market and the official foreign exchange market.
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EKO HOT BLOG reports that economic analysts say fluctuations in the exchange rate continue to affect import costs, business operations, and consumer prices across Nigeria. The demand for foreign exchange in the parallel market also remains high despite ongoing interventions by the Central Bank of Nigeria (CBN).
Currency dealers in major markets across Lagos and Abuja reported slight movements in the black market exchange rate compared to previous trading sessions.
Dollar To Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Rate
Buying Rate ₦1392
Selling Rate ₦1402
Dollar To Naira CBN Official Rate Today
Dollar to Naira (USD to NGN) CBN Official Rate
Highest Rate ₦1374
Lowest Rate ₦1368
Meanwhile, financial experts have continued to advise Nigerians to rely on official banking channels for foreign exchange transactions while authorities intensify efforts to stabilise the naira.
The exchange rate may continue to fluctuate depending on market demand, foreign reserves, and global economic conditions affecting Nigeria’s forex market.
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