The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 25, 2026, across both the official and parallel foreign exchange markets.
Data from the Nigerian Foreign Exchange Market (NFEM) window showed the official rate hovering around ₦1,375 per dollar, closely tracking the previous closing rate of ₦1,375.46/$ recorded on May 22.
In the parallel market, also known as the black market, the dollar exchanged at slightly higher rates, with Bureau De Change operators in Lagos and Abuja quoting between ₦1,385 for buying and about ₦1,395 to ₦1,400 for selling.
Retail forex tracking platforms also placed the naira around ₦1,397/$ during early trading hours, reflecting continued activity in the informal market segment.
Read Also:
Dollar to Naira exchange rate today, May 22, 2026
Despite ongoing reforms by the Central Bank of Nigeria (CBN), the spread between the official and parallel market rates persists, driven largely by strong demand for foreign exchange and limited supply in the retail segment.
Analysts say the naira’s recent stability is being supported by improved dollar inflows and tighter monetary policy measures. However, they caution that pressures from import demand and global market volatility could still affect the currency in the coming weeks.
The NFEM rate remains the CBN’s official benchmark and is determined through a volume-weighted average of trades conducted in the official market window.
