Naira to Dollar exchange rate today, Friday, May 15, 2026

The Nigerian naira traded at around ₦1,371 per US dollar at the official window and between ₦1,392 and ₦1,395 in the parallel market on Friday, May 15, 2026, reflecting a mixed but relatively stable exchange rate across segments.

The currency showed slight weakness at the official Nigerian Foreign Exchange Market (NFEM), according to Central Bank of Nigeria data. This compared with about ₦1,368.95 recorded in the previous session.

In the black market, also known as the parallel market, dealers quoted the dollar at higher rates depending on location and transaction size.

In Lagos and Abuja, buying rates were slightly lower, while selling prices remained close to the ₦1,395 level.

The spread between the official and parallel market remained narrow at about ₦20 to ₦24 per dollar, indicating ongoing efforts to maintain stability in the forex market.

Interbank data showed forex turnover dropped to about $78.8 million, down from approximately $130.6 million in the previous trading session.

Experts linked the naira’s relative stability to continued Central Bank of Nigeria interventions, improved external reserves, and increased participation from commercial banks and investors.

However, sustained demand for foreign exchange from importers, travellers, manufacturers, and education-related payments continues to place pressure on the local currency.