The naira's journey against the US dollar has been marked by several defining eras:
As of May 7, 2026, the exchange rate has reached a state of relative stability after years of extreme volatility. The official rate currently hovers around ₦1,361.07 per US dollar. Meanwhile, the parallel (black) market rate remains slightly higher, typically trading between ₦1,395 and ₦1,405 . Exchange rates chart As of May 7, 08:25 GMT-3 • Disclaimer May 7, 2026 Chart Summary Asset Name Asset Price Price Delta Percent Delta $0.00073472 -$0.00036234 NGN 1,361.07 -NGN 72.80 Current Exchange Rates Today (May 7, 2026) dollar to naira
💡 While the naira remains far from its historical strength, the wild daily swings of 4% seen in 2024 have settled into a much calmer 0.5% daily volatility range in 2026. Historical Context: The Road to ₦1,300+ The naira's journey against the US dollar has
The gap between official and informal rates—often called the "premium"—has narrowed significantly compared to previous years due to Central Bank of Nigeria (CBN) reforms. ~₦1,361.07 Black Market Buy: ~₦1,380 – ₦1,395 Black Market Sell: ~₦1,405 Western Union / Wise Rate: ~₦1,339 – ₦1,368 Exchange rates chart As of May 7, 08:25