Dollar to Naira exchange rate today

  The Nigerian naira experienced slight fluctuations against the United States dollar across both the official and parallel foreign exchange markets on Monday, May 18, 2026, as persistent demand pressure for forex continued to impact trading.Data from the Nigerian Foreign Exchange Market (NFEM) indicated that the official exchange rate hovered around 1,371 per dollar, according to figures from the Central Bank of Nigeria and market trackers. Intraday trading recorded movements fluctuating between approximately 1,369 and 1,374 per dollar, reflecting a steady range within recent sessions.In the parallel market, trading activity remained relatively stable across major hubs like Lagos and Abuja. The dollar was exchanged at a buying rate of around 1,395 and a selling rate of 1,405.The gap between the official and parallel market rates has remained narrow compared to previous months. Analysts attribute this relative stability to continuous interventions by the Central Bank of Nigeria and an improved dollar supply to authorised dealers.  However, market watchers emphasize that global oil prices, foreign reserve levels, and overall investor confidence will remain key factors influencing the naira's direction in the coming dayThe post Dollar to Naira exchange rate today appeared first on Linda Ikeji Blog.