Dollar-to-Naira exchange rate on May 26, 2026

On Tuesday, May 26 2026, the Nigerian naira moved within a tight band against the U.S. dollar on both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as the Central Bank of Nigeria continued its efforts to stabilise the currency.

In the official market, the Central Bank reported the naira trading at approximately ₦1,375 per dollar. Recent data showed the rate fluctuating between ₦1,374 and ₦1,377 during trading sessions.

Analysts said the relative steadiness stemmed from better foreign‑exchange liquidity, sustained investor confidence, and expectations of further inflows into the financial system. Turnover in the interbank foreign‑exchange market remained moderate, despite minor swings in demand.

In the parallel market, the dollar sold for about ₦1,390 to ₦1,397, while buying rates ranged from ₦1,385 to ₦1,390, depending on location and transaction volume.

The spread between official and parallel rates stayed narrow, reflecting the apex bank’s ongoing reforms to enhance transparency and liquidity in the foreign‑exchange system.

Currency traders noted that demand from importers and individuals needing foreign exchange for travel, tuition, and business transactions continued to apply pressure on the naira, even as the official market showed recent gains.

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