Exchange rates today Nigeria — The Nigerian naira traded with mixed performance against major foreign currencies on Saturday, May 23, 2026, as pressure persisted in both the official and parallel foreign exchange markets.
At the official market, the naira closed around ₦1,375 per US dollar after slight losses recorded during the week. However, the black market rate remained relatively stable at about ₦1,395 per dollar.
Meanwhile, the euro and British pound also traded higher against the naira due to global currency fluctuations and sustained demand in the local forex market.
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Nigeria Exchange Rates Today – Saturday, May 23, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,372 – ₦1,376 | ₦1,392 – ₦1,398 | ₦1,372 |
| Euro (EUR) | ₦1,590 – ₦1,595 | ₦1,610 – ₦1,620 | ₦1,592 |
| British Pound (GBP) | ₦1,860 – ₦1,875 | ₦1,880 – ₦1,895 | ₦1,885 |
| Chinese Yuan (CNY) | ₦190 – ₦193 | ₦195 – ₦200 | ₦192 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.1 | ₦10.4 – ₦10.8 | ₦10.0 |
| Canadian Dollar (CAD) | ₦1,080 – ₦1,095 | ₦1,100 – ₦1,120 | ₦1,100 |
| Swiss Franc (CHF) | ₦1,600 – ₦1,615 | ₦1,620 – ₦1,640 | ₦1,618 |
| Saudi Riyal (SAR) | ₦365 – ₦370 | ₦375 – ₦382 | ₦368 |
| UAE Dirham (AED) | ₦372 – ₦376 | ₦382 – ₦390 | ₦375 |
Market Insight
Financial analysts believe the naira may remain relatively stable in the coming weeks if the Central Bank of Nigeria sustains foreign exchange interventions and liquidity support.
In addition, improved oil receipts and stronger investor confidence could help reduce pressure on the local currency. However, demand for dollars in the parallel market still remains high.
Important Notice
Exchange rates may vary depending on location, transaction volume, and Bureau de Change operators. Therefore, the rates listed above are indicative market averages.
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