Nigeria exchange rates today May 10 2026 – The Nigerian naira remained relatively stable against the United States dollar over the weekend as improved foreign exchange inflows continued to support the market.
Recent data from the Nigerian Foreign Exchange Market (NFEM) showed the naira trading within the ₦1,356–₦1,390 range at the official window. Meanwhile, black market rates hovered around ₦1,390–₦1,410 per dollar across major cities including Lagos and Abuja.
Analysts say stronger dollar inflows from foreign investors, exporters, and oil companies helped stabilize the local currency in recent trading sessions.
In addition, market turnover improved during the week, while traders reported moderate demand pressure in both the official and parallel markets.
Global currency markets also influenced sentiment after the United States dollar weakened slightly amid growing optimism over possible diplomatic progress in the Middle East.
SEE ALSO: AMVCA 2026: Full List Of Nominees, Winners, Categories As Nollywood Stars Storm Lagos
Alleged Fake Prophet Publicly Humiliated Over Failure To Recite Celestial Hymns [VIDEO]
Exchange Rates in Nigeria Today – Sunday, May 10, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,356 – ₦1,390 | ₦1,390 – ₦1,410 | ₦1,378 |
| Euro (EUR) | ₦1,520 – ₦1,560 | ₦1,640 – ₦1,680 | ₦1,598 |
| British Pound (GBP) | ₦1,790 – ₦1,840 | ₦1,900 – ₦1,960 | ₦1,875 |
| Chinese Yuan (CNY) | ₦188 – ₦193 | ₦195 – ₦201 | ₦191 |
| Japanese Yen (JPY) | ₦9.7 – ₦10.1 | ₦10.3 – ₦10.8 | ₦10.0 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,040 | ₦1,060 – ₦1,100 | ₦1,030 |
| Swiss Franc (CHF) | ₦1,510 – ₦1,550 | ₦1,590 – ₦1,640 | ₦1,535 |
| Saudi Riyal (SAR) | ₦365 – ₦372 | ₦376 – ₦385 | ₦370 |
| UAE Dirham (AED) | ₦370 – ₦377 | ₦382 – ₦392 | ₦374 |
Market Notes
The official exchange rate is regulated by the Central Bank of Nigeria through the Nigerian Foreign Exchange Market (NFEM).
However, the parallel market rate reflects prices from Bureau de Change operators and street traders across the country.
Experts believe the naira may remain stable in the coming days if foreign exchange inflows continue to improve and global oil prices remain supportive.
Meanwhile, traders continue to monitor inflation, monetary policy decisions, and external reserves for further direction in the foreign exchange market.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic insights.
Keyphrase: Nigeria exchange rates today May 10 2026
Leave a Reply