Dollar to Naira exchange rate today

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Dollar to Naira exchange rate today

The Nigerian naira maintained relative stability against the United States dollar on Friday, May 29, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, supported by sustained liquidity measures and consistent monitoring by financial market participants.According to data published by the Central Bank of Nigeria, the dollar traded around 1,375.41 at the official NFEM window, reflecting minimal variation from recent trading sessions. Market watchers noted that the official window has continued to see the benefits of improved foreign exchange inflows alongside targeted interventions designed to stabilize the local currency.In the parallel market, commonly referred to as the black market, the greenback exchanged at an average buying rate of approximately 1,378 and a selling rate of about 1,390 on Friday.The premium between the official and parallel market rates remained relatively narrow compared to the volatility observed in previous months.Financial analysts attribute this steady alignment directly to improved foreign exchange liquidity and growing confidence across commercial channels. Recent trading patterns show the naira consolidating within a tight band of 1,360 to 1,390 against the dollar across both trading platforms as importers, manufacturers, and corporate end-users continue to evaluate supply conditions.Currency traders reported that commercial demand pressure for the dollar remained steady throughout the day, balanced by the Central Banks ongoing mechanisms to distribute liquidity through the official window.The NFEM rate continues to serve as the definitive benchmark for the country, calculated using a volume-weighted average of valid transactions executed during the daily trading session. The post Dollar to Naira exchange rate today appeared first on Linda Ikeji Blog.
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