Nigeria exchange rates May 18 2026 — The Nigerian naira traded within a relatively stable range on Monday as the foreign exchange market reacted to renewed dollar demand and improving oil revenue inflows.
Recent data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the naira fluctuating between ₦1,367 and ₦1,375 against the United States dollar in official trading.
Meanwhile, the parallel market maintained a tighter spread around ₦1,385 per dollar. Analysts say improved foreign exchange liquidity and stronger crude oil earnings have helped reduce pressure on the naira in recent weeks.
However, global tensions and investor demand for safe-haven assets continue to affect emerging market currencies, including the naira.
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Nigeria Exchange Rates – Monday, May 18, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,370 – ₦1,376 | ₦1,383 – ₦1,390 | ₦1,374 |
| Euro (EUR) | ₦1,600 – ₦1,622 | ₦1,645 – ₦1,675 | ₦1,615 |
| British Pound (GBP) | ₦1,850 – ₦1,875 | ₦1,910 – ₦1,950 | ₦1,868 |
| Chinese Yuan (CNY) | ₦189 – ₦193 | ₦195 – ₦201 | ₦191 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.3 | ₦10.5 – ₦10.9 | ₦10.1 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,035 | ₦1,060 – ₦1,095 | ₦1,028 |
| Swiss Franc (CHF) | ₦1,515 – ₦1,540 | ₦1,590 – ₦1,625 | ₦1,528 |
| Saudi Riyal (SAR) | ₦365 – ₦372 | ₦377 – ₦385 | ₦369 |
| UAE Dirham (AED) | ₦370 – ₦376 | ₦382 – ₦390 | ₦373 |
Market Notes
The official exchange rate is regulated by the Central Bank of Nigeria through the Nigerian Foreign Exchange Market.
On the other hand, the parallel market reflects rates from Bureau de Change operators and street traders across major cities.
Experts expect the naira to remain relatively stable if oil prices stay strong and foreign exchange inflows continue to improve. However, global economic uncertainty may still create short-term pressure on the local currency.
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