Dollar to Naira today Nigeria – The Nigerian foreign exchange market remained relatively stable on Friday, May 2, 2026. The naira traded within a narrow range across both the official and parallel markets.
At the official market, the naira held firm against the United States dollar. Improved liquidity and sustained market confidence supported the local currency. Meanwhile, the parallel market recorded only slight movements.
The narrow gap between the official and black market rates suggests improved market efficiency. As a result, businesses, importers, and travelers now enjoy more predictable foreign exchange pricing.
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Dollar to Naira today May 2 2026 – Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,370 – ₦1,380 | ₦1,393 – ₦1,398 | ₦1,375 |
| Euro (EUR) | ₦1,595 – ₦1,610 | ₦1,605 – ₦1,620 | ₦1,606 |
| British Pound (GBP) | ₦1,850 – ₦1,870 | ₦1,860 – ₦1,875 | ₦1,863 |
| Chinese Yuan (CNY) | ₦188 – ₦195 | ₦190 – ₦200 | ₦190 |
| Japanese Yen (JPY) | ₦9.4 – ₦9.8 | ₦9.8 – ₦10.2 | ₦9.6 |
| Canadian Dollar (CAD) | ₦995 – ₦1,015 | ₦1,020 – ₦1,050 | ₦1,005 |
| Swiss Franc (CHF) | ₦1,500 – ₦1,525 | ₦1,540 – ₦1,570 | ₦1,520 |
| Saudi Riyal (SAR) | ₦365 – ₦370 | ₦370 – ₦380 | ₦367 |
| UAE Dirham (AED) | ₦372 – ₦377 | ₦380 – ₦390 | ₦374 |
Market Highlights
- The naira remained stable at the official market.
- Parallel market pressure eased further this week.
- Improved dollar liquidity continued to support the local currency.
- The spread between official and parallel market rates narrowed significantly.
What This Means
A more stable exchange rate helps businesses plan better. It also reduces uncertainty for importers, investors, and Nigerians making international payments.
However, exchange rates can change during the day. Therefore, individuals and businesses should confirm rates before completing any transaction.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic analysis.
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