Dollar To Naira Exchange Rate Today, May 5th, 2026

• Dollar To Naira Exchange Rate Today, May 5th, 2026
• Official CBN rate remains lower around ₦1,370 to ₦1,380
• Forex demand continues to drive gap between official and black markets

The exchange rate between the US Dollar and Nigerian Naira remains a key concern for businesses, travellers, and investors.

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EKO HOT BLOG reports that as of today, May 5, 2026, the Naira continues to trade within a relatively stable range across both the parallel market and the official window, reflecting ongoing pressure in Nigeria’s foreign exchange market.

At the black market, also known as the parallel market, the Dollar is trading around ₦1,390 for buying and approximately ₦1,400 for selling, based on latest available data. This shows slight stability compared to rates recorded earlier in the week.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

At the official market, the Central Bank of Nigeria rate remains significantly lower, trading around ₦1,370 to ₦1,380 per dollar based on recent figures from the Nigerian Foreign Exchange Market. The gap between official and parallel market rates continues to reflect strong demand for foreign currency outside the regulated system.

Analysts note that factors such as limited dollar supply, import dependency, and external economic pressures continue to influence exchange rate movements. The Central Bank maintains its stance that individuals and businesses should access forex through official banking channels.

Overall, while the Naira has shown signs of short-term stability, market watchers expect continued fluctuations driven by demand and policy adjustments.

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