Dollar To Naira Exchange Rate Today, May 7th, 2026

• Dollar To Naira Exchange Rate Today, May 7th, 2026
• Official CBN exchange rate ranged between ₦1350 and ₦1365
• Forex market continues facing pressure from rising dollar demand

The Dollar to Naira exchange rate remained relatively stable across both the black market and official foreign exchange market on Thursday, May 7, 2026, as traders and businesses continued to monitor movements in Nigeria’s forex sector.

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EKO HOT BLOG reports that at the parallel market, also known as the black market, the United States Dollar exchanged at ₦1400 for selling and ₦1385 for buying. The rates reflected continued pressure on foreign exchange demand despite recent efforts by monetary authorities to improve liquidity in the market.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

Meanwhile, at the official market regulated by the Central Bank of Nigeria, the Dollar traded at a highest rate of ₦1365 and a lowest rate of ₦1350. The difference between the official and parallel market rates continued to highlight the gap in forex supply and demand across the country.

Financial analysts have continued to stress the importance of stable forex policies, improved foreign investment inflow, and increased export earnings to strengthen the Naira against major foreign currencies.

The exchange rates may vary slightly depending on location, volume of transaction, and financial institutions involved.

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