Nigeria exchange rates — The Nigerian naira traded within a relatively stable range on Wednesday, May 13, 2026, as the Central Bank of Nigeria (CBN) continued interventions in the foreign exchange market.
Market analysts linked the recent stability to improved dollar inflows from exporters, foreign investors, and oil companies. In addition, the narrowing gap between the official and parallel market rates has boosted confidence in the forex market.
Meanwhile, traders said demand for foreign exchange remains high due to import payments, foreign tuition fees, medical expenses, and travel-related transactions.
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Nigeria Exchange Rates – Wednesday, May 13, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,355 – ₦1,365 | ₦1,395 – ₦1,410 | ₦1,360 |
| Euro (EUR) | ₦1,470 – ₦1,490 | ₦1,590 – ₦1,630 | ₦1,525 |
| British Pound (GBP) | ₦1,710 – ₦1,740 | ₦1,850 – ₦1,900 | ₦1,790 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦195 – ₦202 | ₦190 |
| Japanese Yen (JPY) | ₦9.7 – ₦10.1 | ₦10.4 – ₦10.8 | ₦10.0 |
| Canadian Dollar (CAD) | ₦995 – ₦1,020 | ₦1,050 – ₦1,085 | ₦1,015 |
| Swiss Franc (CHF) | ₦1,480 – ₦1,510 | ₦1,560 – ₦1,610 | ₦1,520 |
| Saudi Riyal (SAR) | ₦360 – ₦365 | ₦372 – ₦380 | ₦364 |
| UAE Dirham (AED) | ₦365 – ₦370 | ₦378 – ₦385 | ₦368 |
Market Insight
Financial analysts believe the recent appreciation of the naira reflects stronger forex liquidity and improving investor confidence in Nigeria’s official FX market.
However, experts warned that inflation, global oil prices, and external economic pressures could still affect the naira in the coming weeks.
Important Notice
Exchange rates may vary depending on location, transaction volume, and market conditions. Therefore, rates quoted by banks and Bureau de Change operators could differ slightly during the day.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic analysis.
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