Exchange rates today May 31 2026 — The Nigerian naira traded relatively stable against major foreign currencies on Sunday, May 31, 2026, following a week of moderate gains in the official foreign exchange market.
Market analysts attributed the naira’s resilience to improved foreign exchange liquidity and sustained interventions by the Central Bank of Nigeria (CBN). However, demand for dollars among importers and travelers continued to exert pressure on the parallel market.
Meanwhile, the euro and British pound maintained strong positions against the naira amid developments in the global currency market.
Nigeria Exchange Rates Today – Sunday, May 31, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,368 – ₦1,374 | ₦1,388 – ₦1,395 | ₦1,371 |
| Euro (EUR) | ₦1,585 – ₦1,595 | ₦1,605 – ₦1,620 | ₦1,590 |
| British Pound (GBP) | ₦1,865 – ₦1,880 | ₦1,885 – ₦1,900 | ₦1,890 |
| Chinese Yuan (CNY) | ₦189 – ₦192 | ₦194 – ₦199 | ₦191 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.0 | ₦10.3 – ₦10.7 | ₦9.9 |
| Canadian Dollar (CAD) | ₦1,075 – ₦1,090 | ₦1,095 – ₦1,115 | ₦1,098 |
| Swiss Franc (CHF) | ₦1,595 – ₦1,610 | ₦1,615 – ₦1,635 | ₦1,612 |
| Saudi Riyal (SAR) | ₦364 – ₦369 | ₦374 – ₦381 | ₦367 |
| UAE Dirham (AED) | ₦371 – ₦375 | ₦381 – ₦389 | ₦374 |
Market Insight
Recent improvements in foreign exchange inflows have helped narrow the gap between the official and parallel market rates. In addition, increased investor confidence and stronger crude oil earnings have supported the naira in recent weeks.
Nevertheless, analysts warn that sustained demand for foreign currency could continue to influence market volatility in the months ahead.
Important Notice
Exchange rates may vary depending on location, transaction volume, and Bureau de Change operators. Therefore, the figures above should be regarded as indicative market averages.
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