Nigeria exchange rates today Nigeria — The Nigerian naira traded within a relatively stable range on Friday, May 15, 2026, as the foreign exchange market reacted to improved dollar liquidity and sustained interventions by the Central Bank of Nigeria (CBN).
Recent market data showed that the gap between the official and parallel market exchange rates narrowed further. Analysts linked the development to stronger FX inflows, rising external reserves, and increased participation by banks and investors in the Nigerian Foreign Exchange Market (NFEM).
Meanwhile, traders across Lagos and Abuja reported moderate demand pressure from importers and travelers seeking foreign currencies outside the banking system. However, market sentiment remained calmer compared to previous months.
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Exchange Rates Table – Friday, May 15, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,374 – ₦1,380 | ₦1,395 – ₦1,405 | ₦1,378 |
| Euro (EUR) | ₦1,615 – ₦1,625 | ₦1,660 – ₦1,690 | ₦1,620 |
| British Pound (GBP) | ₦1,870 – ₦1,885 | ₦1,930 – ₦1,965 | ₦1,878 |
| Chinese Yuan (CNY) | ₦189 – ₦193 | ₦196 – ₦201 | ₦191 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.3 | ₦10.5 – ₦10.9 | ₦10.1 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,035 | ₦1,070 – ₦1,095 | ₦1,022 |
| Swiss Franc (CHF) | ₦1,515 – ₦1,535 | ₦1,600 – ₦1,635 | ₦1,525 |
| Saudi Riyal (SAR) | ₦366 – ₦372 | ₦378 – ₦386 | ₦369 |
| UAE Dirham (AED) | ₦371 – ₦376 | ₦382 – ₦391 | ₦373 |
Market Insight
According to market analysts, the naira has continued to benefit from stronger foreign exchange inflows and improved investor confidence. In addition, Nigeria’s external reserves recently climbed above $48 billion, helping to support liquidity in the official FX window.
Furthermore, currency traders expect the naira to remain relatively stable in the near term due to sustained dollar sales by the Central Bank and stronger oil revenue inflows.
However, experts warned that persistent demand for foreign currencies from importers and businesses could still place pressure on the parallel market in the coming weeks.
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