Stay updated with today’s US Dollar to Nigerian Naira exchange rates, including the official CBN rate and the black market figures.
Latest Dollar to Naira Exchange Rate – May 26, 2025
Nigerians continue to monitor the fluctuating exchange rate as the naira battles against inflation, rising import costs, and fluctuating global oil revenues.
Here are the verified rates for Monday, May 26, 2025:
Official CBN Rate (Dollar to Naira)
- ₦1,583.63/$1 (Central Bank of Nigeria official rate)
TJ News Nigeria reports that the Central Bank of Nigeria (CBN) continues its efforts to stabilize the Naira through fiscal tightening and regulation of forex inflows. Today, the apex bank officially pegged the Naira at ₦1,583.63 to one US dollar, in line with recent monetary policy decisions.
Black Market Rate (Parallel Market Rate)
- Buying Rate: ₦1,610/$1
- Selling Rate: ₦1,615/$1
The black market, also known as the Aboki FX rate, remains higher than the official benchmark. Bureau de Change (BDC) operators in Lagos, Abuja, and other commercial cities are quoting ₦1,610 per dollar for purchases and ₦1,615 for sales.
Why the Dollar to Naira Rate Matters
The USD to NGN exchange rate is a critical economic indicator that affects:
- Import costs and inflation
- Foreign investment confidence
- International school fees and medical expenses
- Online payments, including web hosting, freelancing, and e-commerce
- Nigerian diaspora remittances
With the Naira depreciating sharply in the past year, many Nigerians are looking for real-time forex data to guide their financial decisions.
Market Reactions and Economic Impact
Experts have highlighted the growing divergence between the official and black market exchange rates. Despite government interventions, the parallel market continues to dictate real-time forex access for many Nigerians.
CBN Governor Olayemi Cardoso recently reaffirmed the bank’s commitment to defending the Naira using monetary tools. However, demand pressures, oil market volatility, and capital flight continue to weigh down the local currency.
Dollar To Naira Exchange Rate Today Summary Table
| Market | Buying Rate | Selling Rate |
|---|---|---|
| CBN Official Rate | ₦1,583.63 | ₦1,583.63 |
| Black Market Rate | ₦1,610 | ₦1,615 |
What to Expect This Week
Analysts predict that the Naira could remain under pressure unless the CBN boosts dollar supply and addresses structural challenges. The forex reform policies are still in transition, and more clarity is expected in coming weeks as the government releases updated economic frameworks.
Disclaimer
Exchange rates may vary throughout the day and between locations. For the most accurate rates, always consult with a certified Bureau de Change operator or check with your bank before conducting large transactions.
