Nigeria exchange rates today – The Nigerian foreign exchange market opened on Sunday, May 3, 2026, with the naira holding relatively steady across both the official and parallel market windows.
Recent gains in the official market have improved investor confidence. However, demand for foreign currency remains strong in the parallel market.
Below is a comprehensive breakdown of today’s exchange rates for major foreign currencies in Nigeria.
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Nigeria exchange rates Table today May 3 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,376 – ₦1,380 | ₦1,388 – ₦1,405 | ₦1,376 |
| Euro (EUR) | ₦1,585 – ₦1,605 | ₦1,600 – ₦1,630 | ₦1,595 |
| British Pound (GBP) | ₦1,860 – ₦1,885 | ₦1,840 – ₦1,885 | ₦1,872 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦194 – ₦198 | ₦190 |
| Japanese Yen (JPY) | ₦9.5 – ₦9.9 | ₦10.2 – ₦10.6 | ₦9.8 |
| Canadian Dollar (CAD) | ₦995 – ₦1,020 | ₦1,015 – ₦1,026 | ₦1,008 |
| Swiss Franc (CHF) | ₦1,600 – ₦1,625 | ₦1,620 – ₦1,650 | ₦1,615 |
| Saudi Riyal (SAR) | ₦365 – ₦370 | ₦372 – ₦380 | ₦367 |
| UAE Dirham (AED) | ₦374 – ₦378 | ₦380 – ₦388 | ₦375 |
Market Highlights
The naira traded at around ₦1,379.46 per US dollar in the official market during the latest trading session. This reflects a modest gain from the previous close.
Meanwhile, the parallel market remained slightly higher. In major trading hubs such as Lagos, Abuja, Kano and Port Harcourt, the dollar sold for between ₦1,388 and ₦1,405.
What These Rates Mean
Official market rate: This is the rate quoted in the Nigerian Foreign Exchange Market and regulated by the Central Bank of Nigeria.
Parallel market rate: This reflects prices offered by Bureau de Change operators and street traders.
Mid-market rate: This is the global benchmark rate used by international financial platforms.
Important Note
Exchange rates can change several times during the day due to market demand, supply conditions and liquidity levels.
Therefore, rates may vary depending on your location and transaction volume.
Stay with Sojworldnews for daily exchange rate updates, market analysis and business news.
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