Dollar to Naira exchange rate today, May 29, 2026

The Nigerian naira maintained relative stability against the United States dollar on Friday, May 29, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, amid sustained liquidity support and continued monitoring by market participants.

Data published by the Central Bank of Nigeria showed that the dollar traded around ₦1,375.41 at the NFEM window, reflecting little change from recent trading sessions. Market watchers said the official market continued to benefit from improved FX inflows and ongoing interventions aimed at stabilising the naira.

At the parallel market, also known as the black market, the dollar exchanged at an average buying rate of about ₦1,378 and a selling rate of approximately ₦1,390 on Friday.

The gap between the official and parallel market rates remained relatively narrow compared to previous months, a development analysts attribute to improved FX liquidity and stronger market confidence.

Recent trading patterns have shown the naira fluctuating within the ₦1,360 to ₦1,390 range against the dollar in both markets, as importers, manufacturers and other end users continue to monitor foreign exchange supply conditions.

Currency traders said demand pressure for the greenback remained steady despite the Central Bank’s efforts to boost supply through the official window.

The NFEM rate serves as Nigeria’s official exchange rate benchmark and is calculated using a volume-weighted average of transactions completed during trading sessions.

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