The Nigerian naira traded within a relatively stable range against the United States dollar on Monday, May 25, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
Data from the Central Bank of Nigeria’s NFEM window showed the official exchange rate hovering around ₦1,375 per dollar, following the last recorded closing rate of ₦1,375.46/$ on May 22.
Meanwhile, rates in the parallel market, also known as the black market, remained slightly higher as Bureau De Change operators in Lagos and Abuja quoted the dollar at around ₦1,385 for buying and between ₦1,395 and ₦1,400 for selling.
Currency tracking platforms monitoring retail forex transactions also showed the naira trading near ₦1,397/$ in the street market on Monday morning.
The gap between the official NFEM rate and the parallel market rate continued to reflect demand pressure in the retail foreign exchange segment, despite ongoing reforms and interventions by the Central Bank of Nigeria.
Market analysts said the naira’s recent stability has been supported by improved dollar liquidity and tighter monetary conditions, although pressure from import demand and external market volatility remains a concern.
At the official market, the NFEM rate remains the benchmark exchange rate used by the CBN and is calculated using a volume-weighted average system.
Article Dollar to Naira exchange rate today, May 25, 2026 Live On NgGossips.
