May 28, 2026
The Nigerian naira traded within a relatively stable range against the United States dollar on Thursday, May 28, 2026, across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, amid sustained market interventions and improving liquidity conditions.
Data published by the Central Bank of Nigeria showed that the naira traded around ₦1,375.41 per dollar at the official NFEM window, maintaining the relatively steady performance recorded in recent trading sessions.
At the parallel market, also known as the black market, the dollar exchanged at an average selling rate of about ₦1,390 and a buying rate of around ₦1,378 on Thursday morning.
Currency traders attributed the narrow gap between the official and parallel market rates to improved foreign exchange supply and continued reforms introduced by the Central Bank of Nigeria to stabilise the market.
