- Dollar To Naira Exchange Rate Today, May 24th, 2026
- CBN official exchange rate ranges between ₦1374 and ₦1377 today
- Foreign exchange market continues facing pressure amid rising dollar demand
The Dollar to Naira exchange rate at the black market remained steady on Saturday as traders continued transactions across major foreign exchange markets in Nigeria.
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EKO HOT BLOG reports that according to market sources, the United States Dollar exchanged at ₦1395 for selling and ₦1385 for buying at the parallel market, popularly known as the black market.
Meanwhile, the official exchange rate released through the Central Bank of Nigeria CBN window showed slight differences compared to the parallel market rates.
The official market recorded the highest Dollar to Naira exchange rate at ₦1377, while the lowest rate stood at ₦1374.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1395 |
| Buying Rate | ₦1385 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1377 |
| Lowest Rate | ₦1374 |
The gap between the official and black market exchange rates continues to reflect pressure in Nigeria’s foreign exchange market amid demand for dollars by importers, travelers, and businesses.
Financial analysts have continued to monitor movements in the foreign exchange market as the Federal Government and monetary authorities intensify efforts aimed at improving liquidity and stabilising the Naira.
Exchange rates may vary across locations, banks, and foreign exchange dealers depending on market demand and availability of foreign currency.
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