Exchange rates today Nigeria – The Nigerian foreign exchange market opened on Tuesday, May 5, 2026, with the naira showing relative stability against major global currencies.
Although pressure persists in the parallel market, the gap between the official and black market rates remains moderate. Meanwhile, improved liquidity in the official window continues to support the naira.
Below is a detailed breakdown of today’s exchange rates.
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Exchange Rates Today In Nigeria – May 5, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,390 – ₦1,405 | ₦1,420 – ₦1,445 | ₦1,398 |
| Euro (EUR) | ₦1,520 – ₦1,550 | ₦1,650 – ₦1,690 | ₦1,600 |
| British Pound (GBP) | ₦1,800 – ₦1,840 | ₦1,920 – ₦1,970 | ₦1,880 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦198 – ₦205 | ₦193 |
| Japanese Yen (JPY) | ₦9.7 – ₦10.1 | ₦10.3 – ₦10.8 | ₦10.0 |
| Canadian Dollar (CAD) | ₦1,020 – ₦1,050 | ₦1,080 – ₦1,120 | ₦1,040 |
| Swiss Franc (CHF) | ₦1,520 – ₦1,560 | ₦1,600 – ₦1,650 | ₦1,540 |
| Saudi Riyal (SAR) | ₦368 – ₦375 | ₦380 – ₦395 | ₦372 |
| UAE Dirham (AED) | ₦372 – ₦380 | ₦385 – ₦400 | ₦376 |
Market Highlights
First, the official exchange rate remains stable due to improved forex supply from the Nigerian Foreign Exchange Market.
However, the parallel market continues to reflect stronger demand for foreign currencies, especially the US dollar.
In addition, the mid-market rate provides a neutral benchmark. It does not include transaction fees or local premiums.
What to Expect
- The naira may remain range-bound in the short term.
- Demand for dollars could increase due to imports and travel.
- Central Bank policies will continue to influence the market.
Important Notice
Exchange rates change frequently. Therefore, always confirm rates from your bank or Bureau de Change before making transactions.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic insights.
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