Nigeria exchange rates — The Nigerian foreign exchange market recorded mild fluctuations on Thursday, May 14, 2026, as the naira traded around the ₦1,370 range against the United States dollar in the official market.
Market analysts say demand pressure for foreign exchange remains high despite recent interventions aimed at stabilising the naira. Meanwhile, traders in the parallel market reported slight variations across major cities including Lagos, Abuja, and Kano.
According to latest available FX data, the United States dollar exchanged at approximately ₦1,371.01 in the official market on Thursday.
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Nigeria Exchange Rates – Thursday, May 14, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,365 – ₦1,371 | ₦1,390 – ₦1,410 | ₦1,371.01 |
| Euro (EUR) | ₦1,520 – ₦1,545 | ₦1,670 – ₦1,700 | ₦1,610 |
| British Pound (GBP) | ₦1,805 – ₦1,830 | ₦1,950 – ₦1,985 | ₦1,905 |
| Chinese Yuan (CNY) | ₦189 – ₦193 | ₦198 – ₦202 | ₦191 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.3 | ₦10.6 – ₦11.0 | ₦10.2 |
| Canadian Dollar (CAD) | ₦1,015 – ₦1,040 | ₦1,075 – ₦1,100 | ₦1,030 |
| Swiss Franc (CHF) | ₦1,510 – ₦1,540 | ₦1,615 – ₦1,640 | ₦1,525 |
| Saudi Riyal (SAR) | ₦366 – ₦372 | ₦378 – ₦388 | ₦370 |
| UAE Dirham (AED) | ₦371 – ₦376 | ₦382 – ₦392 | ₦374 |
Market Notes
The official exchange rate is regulated through the Nigerian Foreign Exchange Market (NFEM) under the supervision of the Central Bank of Nigeria.
In contrast, the parallel market rate reflects transactions carried out by Bureau de Change operators and independent forex traders.
Experts say exchange rates may continue to fluctuate due to inflation, foreign reserve levels, oil revenue performance, and global economic conditions.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic analysis.
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