The Nigerian naira traded relatively stable against the United States Dollar on Friday, May 22, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
At the official market window, the exchange rate hovered around ₦1,370–₦1,374 per US dollar, based on data from the Central Bank of Nigeria and market trackers.
In the parallel market, commonly referred to as the black market, the Dollar exchanged at approximately:
- Buying rate: ₦1,390 per US$1
- Selling rate: ₦1,400 per US$1
Market analysts say the relatively narrow gap between the official and parallel market rates reflects improved FX liquidity and sustained monetary tightening by the Central Bank of Nigeria. However, demand pressure from importers, travelers, tuition payments, and businesses seeking foreign exchange continues to influence market sentiment.
Recent trading trends indicate that the naira has remained within the ₦1,370–₦1,400 range throughout the week, showing moderate stability compared to previous months of sharper volatility.
Snapshot of Today’s Rates
| Market | Buying | Selling |
| Official NFEM | ₦1,370+ | ₦1,374+ |
| Parallel Market | ₦1,390 | ₦1,400 |
Financial experts advise businesses and individuals involved in international transactions to monitor exchange rate movements closely, as fluctuations in crude oil prices, foreign reserves, and monetary policy decisions could continue to impact the naira in the coming weeks.
