Naira to Dollar exchange rate on Wednesday, May 13, 2026

The Nigerian naira posted a modest gain against the United States dollar on Wednesday, May 13, 2026, exchanging at about ₦1,373 per $1 at the official market, while the parallel market rate hovered between ₦1,395 and ₦1,405 per $1 as forex liquidity improved.

Data from the Nigerian Foreign Exchange Market (NFEM) indicate the currency edged stronger than the previous session, when the dollar was quoted near ₦1,375.

The shift suggests a modest degree of stability in the official foreign‑exchange window.

In the black market, currency traders across Lagos and other major commercial cities sold dollars within the ₦1,395‑₦1,405 range.

These figures represent a slight improvement over rates recorded earlier in the week.

Financial analysts said the naira’s performance was bolstered by higher foreign‑exchange inflows into the official market and by the Central Bank of Nigeria’s continued efforts to relieve pressure on the local currency.

Experts also observed a modest decline in speculative demand for dollars, which helped the naira hold a firmer stance across both market segments.

The gap between the official and parallel rates narrowed to roughly ₦20‑₦30 per dollar, a change many traders view as an indication of growing market confidence.

Activity at the NFEM window showed increased participation from authorized dealers and forex traders, even as demand for foreign currency remained strong for imports, tuition fees, travel expenses, and business transactions.