Nigeria Today's Dollar to Naira Rate: Dollar to Naira Snapshot Rate for 9 May 2026

Key points:

• Official CBN Rate: N1,364 per US Dollar
• Black-Market Rate: Not specified
• Drivers: Stable weekly close with currency maintaining positive momentum for most of the week; Growing market confidence in ongoing foreign exchange reforms; Naira gained about N19 against the dollar over two weeks; Reduced volatility and stronger market stability.
• Top Tools: FMDQ for Official Market Data, CBN Forex Portal, Aboki Fx

The Naira closed the first trading week of May 2026 on a relatively stable note, settling at N1,364 per dollar in the official foreign exchange market. The currency traded within a relatively narrow range throughout the week, highlighting reduced volatility and stronger market stability. This represents a gain of about N19 against the dollar over two weeks.

FAQ

• What is the gap between CBN and black market rates? The article focuses on the official market weekly performance. The naira traded at N1,358.01 on Thursday, N1,361 on Wednesday, and N1,362 on Tuesday, with Monday's closing rate at N1,367.5. The consistent narrow trading range indicates reduced volatility.
• Will the naira strengthen further? The recent appreciation extends the gains recorded at the close of April and reflects growing market confidence in ongoing foreign exchange reforms. The CBN has scheduled its 305th Monetary Policy Committee meeting for May 19 to 20, 2026, which will determine the direction of the monetary policy rate to maintain economic stability.