Currency News Today – Thursday, May 21, 2026
Currency news today May 21 2026 — The Nigerian foreign exchange market remained relatively stable on Thursday after the Central Bank of Nigeria (CBN) retained the Monetary Policy Rate (MPR) at 26.5 percent.
Analysts believe the decision helped reduce pressure on the naira across the official and parallel foreign exchange markets. Traders also monitored global oil prices and inflation concerns during the trading session.
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Exchange Rates Table – May 21, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,392 – ₦1,405 | ₦1,410 – ₦1,430 | ₦1,398 |
| Euro (EUR) | ₦1,540 – ₦1,560 | ₦1,670 – ₦1,700 | ₦1,620 |
| British Pound (GBP) | ₦1,820 – ₦1,845 | ₦1,960 – ₦1,995 | ₦1,910 |
| Chinese Yuan (CNY) | ₦191 – ₦195 | ₦198 – ₦203 | ₦193 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.3 | ₦10.6 – ₦11.0 | ₦10.2 |
| Canadian Dollar (CAD) | ₦1,015 – ₦1,040 |
| ₦1,035 |
| Swiss Franc (CHF) | ₦1,530 – ₦1,560 | ₦1,620 – ₦1,650 | ₦1,545 |
| Saudi Riyal (SAR) | ₦370 – ₦375 | ₦380 – ₦388 | ₦373 |
| UAE Dirham (AED) | ₦375 – ₦380 | ₦385 – ₦392 | ₦377 |
Market Update
The Central Bank of Nigeria retained the benchmark interest rate at 26.5 percent during the latest Monetary Policy Committee meeting.
According to financial analysts, the move may help stabilize the naira and reduce inflation pressure in the coming weeks.
However, exchange rates may continue to fluctuate due to:
- Global oil price movements
- Foreign exchange inflows
- Inflation trends
- Investor confidence
- Demand and supply in the FX market
Important Notice
Exchange rates are indicative and may vary depending on location, transaction volume, and Bureau de Change operators.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic analysis.
Keyphrase: Currency news today May 21 2026.
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