- Dollar To Naira Exchange Rate Today, May 6th, 2026
- Official CBN rate ranges between ₦1,362 and ₦1,370
- Forex demand continues to pressure Naira despite relative stability
The exchange rate between the US Dollar and the Nigerian Naira remains a major concern for individuals and businesses across the country.
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EKO HOT BLOG reports that as of May 6, 2026, the Naira continues to trade within a relatively stable range in both the black market and the official window, reflecting ongoing pressure in the foreign exchange market.
At the parallel market, also known as the black market, the Dollar is currently trading at ₦1,385 for buying and ₦1,400 for selling. This shows slight stability compared to recent fluctuations, although demand for foreign currency remains high.
Dollar to Naira (USD to NGN) Black Market Rate Today
Buying Rate ₦1,385
Selling Rate ₦1,400
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1,370
Lowest Rate ₦1,362
At the official market, the Central Bank of Nigeria rates show the Dollar trading between ₦1,362 and ₦1,370. The gap between the official and parallel market rates continues to highlight the imbalance in forex supply and demand.
Market analysts attribute the current rates to factors such as limited foreign exchange inflow, high import dependence, and ongoing economic adjustments by the government. Despite policy efforts to stabilise the Naira, demand pressures persist.
Overall, while the Naira has shown some short-term stability, fluctuations are still expected as market forces and policy decisions continue to shape the forex landscape in Nigeria.
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