USD/NGN Exchange Rate – May 15, 2026

On Friday, May 15, 2026, the Nigerian naira showed a mixed performance against the U.S. dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, with traders keeping a close eye on liquidity and demand.

In the official market, NFEM data from the Central Bank of Nigeria indicated the naira at approximately ₦1,371 per dollar, a slight depreciation from the ₦1,368.95 seen in the prior session.

In the parallel market, often referred to as the black market, the dollar ranged between ₦1,392 and ₦1,395, varying by location and transaction size. Dealers in Lagos and Abuja offered slightly lower buying rates, while selling rates remained near ₦1,395.

The spread between the official NFEM rate and the parallel market rate stayed narrow, around ₦20 to ₦24 per dollar, indicating ongoing efforts by monetary authorities to stabilize the market.

Interbank market data revealed a sharp drop in forex turnover to about $78.8 million, down from roughly $130.6 million in the previous session, pointing to reduced market activity and a lower supply of dollars.

Analysts say the naira’s recent steadiness stems from continued Central Bank interventions, stronger external reserves, and greater participation by banks and investors in the official market. Nevertheless, demand for foreign exchange from importers, travelers, manufacturers, and school fee payments still pressures the currency.

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