Dollar to Naira today – The Nigerian naira opened trading on a relatively stable note on Friday, May 1, 2026. Improved liquidity in the official foreign exchange market supported the local currency.
Meanwhile, demand for foreign exchange remained strong in the parallel market. As a result, the gap between official and street market rates persisted.
Analysts say stronger external reserves, improved oil receipts, and the continued use of the Electronic Foreign Exchange Matching System have helped reduce market volatility.
However, demand from importers, travelers, and manufacturers continues to put pressure on the naira.
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Dollar to Naira today May 1 2026 – Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,373 – ₦1,376 | ₦1,445 – ₦1,455 | ₦1,375 |
| Euro (EUR) | ₦1,555 – ₦1,575 | ₦1,660 – ₦1,690 | ₦1,620 |
| British Pound (GBP) | ₦1,830 – ₦1,860 | ₦1,960 – ₦2,000 | ₦1,905 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦196 – ₦201 | ₦190 |
| Japanese Yen (JPY) | ₦9.5 – ₦9.9 | ₦10.2 – ₦10.7 | ₦9.8 |
| Canadian Dollar (CAD) | ₦995 – ₦1,025 | ₦1,070 – ₦1,100 | ₦1,015 |
| Swiss Franc (CHF) | ₦1,620 – ₦1,650 | ₦1,710 – ₦1,750 | ₦1,640 |
| Saudi Riyal (SAR) | ₦365 – ₦368 | ₦382 – ₦388 | ₦367 |
| UAE Dirham (AED) | ₦373 – ₦377 | ₦390 – ₦396 | ₦375 |
Market Outlook
The naira may remain within its current trading range in the short term. This outlook depends on forex inflows, Central Bank interventions, and global crude oil prices.
Therefore, businesses, investors, and travelers should monitor both official and parallel market rates before making foreign exchange decisions.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic insights.
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