Naira to Dollar exchange rate today, Wednesday, May 13, 2026

The Nigerian naira posted a modest gain against the United States dollar on Wednesday, May 13, 2026, exchanging at about ₦1,373/$1 at the official market, while the parallel market rate hovered between ₦1,395 and ₦1,405/$1 as forex liquidity improved.

Figures from the Nigerian Foreign Exchange Market (NFEM) showed the local currency strengthened slightly compared to the previous session, where the dollar traded around ₦1,375.

The movement points to mild stability within the official foreign exchange window.

In the black market, currency traders across Lagos and other key commercial cities sold the dollar within the ₦1,395 to ₦1,405 range.

The latest figures reflected a slight improvement from rates recorded earlier in the week.

Financial analysts said the naira’s performance was supported by increased foreign exchange inflows into the official market and sustained efforts by the Central Bank of Nigeria to ease pressure on the local currency.

Experts also noted that speculative demand for dollars appeared to reduce slightly, helping the naira maintain a firmer position across both forex segments.

The difference between the official exchange rate and the parallel market rate narrowed further to around ₦20–₦30 per dollar, a development many traders described as a sign of improving market confidence.

Market activity at the NFEM window also witnessed stronger participation from authorised dealers and forex traders, even as demand for foreign currency remained high for imports, tuition payments, travel expenses, and business transactions.