Dollar To Naira Exchange Rate Today, 26 May 2026

Dollar To Naira Exchange Rate Today, 26 May 2026
Official CBN exchange rate closed around ₦1,375 against the dollar.
Naira maintained relative stability amid continued foreign exchange demand nationwide.

The Nigerian Naira traded with slight stability against the United States Dollar on Monday, May 26, 2026, across both the official foreign exchange market and the parallel market, popularly known as the black market.

EDITOR’S PICKS

EKO HOT BLOG reports that data obtained from currency trading platforms showed that the Naira continued to face pressure from sustained demand for foreign exchange by importers, travelers, and businesses, despite recent efforts by the Central Bank of Nigeria, CBN, to stabilise the market.

At the official Nigerian Foreign Exchange Market window, the dollar exchanged at an average rate of about ₦1,375.46/$1, according to figures published by the CBN.

Market Buying Rate Selling Rate

Market	Buying Rate	Selling Rate

Official CBN Rate

₦1,375.46

₦1,377.90

Black Market Rate

₦1,385

₦1,397

In the parallel market, also known as the black market, Bureau De Change operators in major cities including Lagos, Abuja, Kano and Port Harcourt traded the dollar at an average buying rate of ₦1,385 and selling rate of ₦1,397.

Financial analysts said the gap between the official and parallel market rates remains relatively narrow compared to previous months, reflecting improved liquidity and increased interventions in the foreign exchange market.

The exchange rate continues to remain a major concern for businesses, importers, students and Nigerians handling international transactions, as fluctuations in the value of the Naira directly impact prices of goods and services nationwide.

Economic experts have also linked the current market trend to rising demand for foreign currency and ongoing reforms aimed at attracting foreign investment into the Nigerian economy.