Dollar To Naira Exchange Rate Today, May 22nd, 2026

• Dollar traded at ₦1402 selling rate in black market on Thursday.
• Official CBN exchange rate stood around ₦1370 per dollar.
• Analysts urged stronger reforms to stabilise Nigeria’s foreign exchange market.

The Dollar to Naira exchange rate at the black market and official market recorded slight movements on Thursday, May 22, 2026, as traders and currency users continued to monitor Nigeria’s foreign exchange market.

EKO HOT BLOG reports that checks on the parallel market showed that the United States Dollar exchanged at an average selling rate of ₦1402, while the buying rate stood at ₦1388.

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Meanwhile, data from the official foreign exchange market showed that the Central Bank of Nigeria (CBN) rate traded around ₦1370 against the US Dollar.

Currency traders said demand for foreign exchange from importers, travelers, and businesses remained high despite ongoing efforts by monetary authorities to stabilise the naira.

Financial analysts have continued to advise Nigerians to rely on official foreign exchange channels for transactions, while also urging stronger economic policies capable of improving foreign exchange inflows into the country.

The gap between the black market rate and the official market remains a major concern for businesses and investors, especially as inflation and import costs continue to affect the economy.

Experts believe sustained reforms, increased oil revenue, and improved foreign investments may help strengthen the naira in the coming months.

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