Exchange rates today May 27 2026 Nigeria — The Nigerian naira traded within a narrow range against major foreign currencies on Wednesday, May 27, 2026, as demand for foreign exchange remained steady across official and parallel markets.
At the Nigerian Foreign Exchange Market (NFEM), the naira maintained relative stability against the US dollar despite persistent pressure from importers and international transactions. Meanwhile, black market traders reported moderate demand for dollars, pounds, and euros in Lagos, Abuja, Kano, and other major cities.
Currency analysts believe improved foreign inflows and Central Bank interventions helped reduce excessive volatility in the forex market this week. However, uncertainty in global oil prices and external market pressures continue to affect the naira’s performance.
Nigeria Exchange Rates Todat – Wednesday, May 27, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,368 – ₦1,375 | ₦1,390 – ₦1,405 | ₦1,372 |
| Euro (EUR) | ₦1,585 – ₦1,600 | ₦1,615 – ₦1,630 | ₦1,595 |
| British Pound (GBP) | ₦1,865 – ₦1,885 | ₦1,890 – ₦1,915 | ₦1,882 |
| Chinese Yuan (CNY) | ₦190 – ₦194 | ₦196 – ₦201 | ₦193 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.2 | ₦10.5 – ₦10.9 | ₦10.1 |
| Canadian Dollar (CAD) | ₦1,085 – ₦1,100 | ₦1,105 – ₦1,125 | ₦1,095 |
| Swiss Franc (CHF) | ₦1,605 – ₦1,620 | ₦1,625 – ₦1,645 | ₦1,615 |
| Saudi Riyal (SAR) | ₦366 – ₦372 | ₦376 – ₦384 | ₦370 |
| UAE Dirham (AED) | ₦373 – ₦378 | ₦384 – ₦392 | ₦376 |
Market Insight
Forex traders say the market may remain relatively stable if the Central Bank of Nigeria sustains liquidity injections and improves dollar supply to commercial banks and Bureau de Change operators.
In addition, stronger crude oil earnings and increased diaspora remittances could support the naira in the coming weeks. Nevertheless, demand pressure in the parallel market still remains a major challenge.
Important Notice
Exchange rates may vary depending on location, transaction volume, and market conditions. Therefore, the rates listed above are indicative averages gathered from official and parallel market sources.
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