Naira to Dollar exchange rate today, Thursday, May 14, 2026

The Nigerian naira recorded a mixed performance against the United States dollar on Thursday, May 14, 2026, trading at about ₦1,375.62/$ at the official Nigerian Foreign Exchange Market (NFEM) window, while the parallel market quoted between ₦1,395 and ₦1,405/$ as pressure from demand persisted across informal channels.

At the official market, data from the Central Bank of Nigeria showed the naira trading around ₦1,375.62/$ at the NFEM window, following recent gains supported by improved dollar supply and stronger market turnover.

Market reports indicated that FX turnover at the NFEM recently surged to about $1.89 billion in a single trading session, reflecting increased liquidity and stronger participation by banks and investors.

Analysts said the development has helped ease pressure on the local currency in recent sessions.

In the parallel market, also known as the black market, the dollar exchanged between ₦1,395 and ₦1,405 depending on location and transaction size.

Bureau de Change operators in Lagos and Abuja quoted buying rates around ₦1,385–₦1,395 and selling rates near ₦1,400–₦1,405.

The exchange rate gap between the official and parallel markets remained relatively narrow, ranging between ₦20 and ₦30, compared with wider spreads recorded earlier in the year.

Financial analysts attributed the naira’s relative stability to sustained FX interventions by the Central Bank of Nigeria, rising external reserves, and improved investor confidence in the foreign exchange market.

Nigeria’s external reserves were recently estimated at about $48.48 billion.

However, currency dealers noted that persistent demand from importers, travelers, and businesses sourcing foreign exchange outside the banking system continues to influence black-market pricing despite ongoing reforms in the FX framework.