Dollar To Naira Exchange Rate Today, May 20, 2026

Dollar To Naira Exchange Rate Today, May 20, 2026
Official CBN exchange rate ranged between ₦1370 and ₦1374
Foreign exchange demand continues putting pressure on the Naira

The Dollar to Naira exchange rate remained under pressure on Tuesday, May 20, 2026, across both the parallel market and the official foreign exchange market.

Contents

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

FURTHER READING

EDITOR’S PICKS

EKO HOT BLOG reports that checks on the latest rates showed that the United States Dollar traded at higher levels in the black market compared to the official Central Bank of Nigeria (CBN) window, reflecting continued demand for foreign exchange in the country.

Traders in the Lagos and Abuja parallel markets said the Dollar maintained a strong position against the Naira as demand from importers, travelers and businesses remained high.

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	₦1374
Lowest Rate	₦1370

Financial analysts say the gap between the black market and official market rates continues to reflect pressure on Nigeria’s foreign exchange supply, despite ongoing monetary reforms and interventions by the Central Bank of Nigeria.

The Naira has experienced fluctuations in recent months due to rising demand for foreign currency, global economic conditions, crude oil price movements and Nigeria’s import-dependent economy.

Experts also noted that exchange rates may vary slightly depending on location, transaction volume and currency demand at the point of exchange.

Dollar To Naira Exchange Rate Today, May 20, 2026

Meanwhile, Nigerians have continued to monitor movements in the foreign exchange market closely as businesses and households adjust to changing prices linked to the value of the Naira.