Dollar to Naira exchange rate today, May 6, 2026: Naira appreciates significantly

Naira rises to N1,380/$ in parallel market

By Elizabeth Adegbesan The  Naira yesterday appreciated to N1,380 per dollar in the parallel market from N1,382 per dollar on Tuesday. Similarly, the naira appreciated to N1,361 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,361 per dollar from N1,362 per dollar on Tuesday, reflecting   N1 appreciation for the naira.   Consequ…

Dollar to Naira exchange rate today, May 6, 2026: Naira appreciates significantly

The Naira appreciated significantly against the dollar at the official foreign exchange market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira on Wednesday strengthened to N1,357.34 against the dollar up from N1,366.56 traded on Tuesday. This means that the Naira gained N9.22 against the dollar on a day-to-day basis. Meanwhile at the black market, the Naira remained relatively stable at N1395 per dollar on Wednesday, the s…

Naira nears key N1,350/$ mark as FX market confidence improves

The naira gained almost N10, closing at N1,357 per dollar, compared to N1,375.5/$ at the beginning of May. This means the naira improved by about 1.2% within one week.

Naira Seen Extending Rally as Foreign FX Inflows Strengthen Nigeria’s Currency Outlook - Analysis, FX & Currency Markets

https://naija247news.com/feed/ ABUJA, May 7, 2026 (Naija247news) – Nigeria’s naira is expected to maintain its upward momentum into next week as foreign portfolio inflows, exporter dollar sales, and improved oil-sector foreign exchange liquidity continue to support the currency, according to traders and market participants surveyed by Reuters. The naira strengthened to 1,356/$ on the official market on Thursday from 1,374/$ a week earlier, reinf…

Naira strengthens to N1,357/$ amid CBN interventions, rising FX demand - NewsTmes.com.ng

The naira appreciated to N1,357 against the United States dollar at the official foreign exchange market on Wednesday. This extends its recent gains amid sustained interventions by the Central Bank of Nigeria and stronger demand for the local currency. Market data showed the naira gained nearly N10 against the dollar during the trading session, improving … The post Naira strengthens to N1,357/$ amid CBN interventions, rising FX demand appeared f…

Naira Rallies to N1,357/$1 at NAFEX, Remains N1,380/$1 at Parallel Market

By Adedapo Adesanya The Naira maintained stability against the United States Dollar in the parallel market segment of the foreign exchange (FX) market on Wednesday at N1,380/$1, according to data obtained by Business Post. However, at the Nigerian Autonomous Foreign Exchange Market (NAFEX), it appreciated against the greenback by N9.22 or 0.67 per cent to quote […]