Nigeria exchange rates today Nigeria – The Nigerian naira traded relatively stronger against the United States dollar in both the official and parallel foreign exchange markets on Saturday, May 9, 2026.
Recent inflows from exporters, oil companies, and foreign investors continued to support liquidity in the Nigerian forex market. Analysts also expect the naira to remain stable if dollar supply improves further in the coming days.
Meanwhile, the official market rate hovered around the ₦1,356–₦1,362 range per dollar, while the parallel market traded slightly above ₦1,400/$ across major cities nationwide.
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Exchange Rates Table – May 9, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,356 – ₦1,362 | ₦1,400 – ₦1,410 | ₦1,360 |
| Euro (EUR) | ₦1,520 – ₦1,545 | ₦1,670 – ₦1,700 | ₦1,635 |
| British Pound (GBP) | ₦1,800 – ₦1,835 | ₦1,960 – ₦2,000 | ₦1,920 |
| Chinese Yuan (CNY) | ₦188 – ₦193 | ₦196 – ₦202 | ₦191 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.3 | ₦10.6 – ₦11.0 | ₦10.2 |
| Canadian Dollar (CAD) | ₦1,005 – ₦1,035 | ₦1,075 – ₦1,100 | ₦1,028 |
| Swiss Franc (CHF) | ₦1,515 – ₦1,540 | ₦1,610 – ₦1,645 | ₦1,530 |
| Saudi Riyal (SAR) | ₦365 – ₦372 | ₦378 – ₦388 | ₦370 |
| UAE Dirham (AED) | ₦370 – ₦376 | ₦382 – ₦392 | ₦374 |
Market Insight
The official exchange rate is regulated through the Nigerian Foreign Exchange Market (NFEM) under the supervision of the Central Bank of Nigeria.
However, the parallel market continues to reflect retail demand and supply pressures across Bureau de Change operators nationwide.
In addition, global market sentiment and crude oil earnings remain major factors influencing naira performance against foreign currencies.
Exchange rates may vary depending on transaction volume, location, and timing.
Keyphrase: Nigeria exchange rates today May 9 2026
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