May 29, 2026
U.S. 100 dollar notes are seen at a bank in this picture illustration. REUTERS/Lee Jae-Won
The Nigerian naira maintained relative stability against the United States dollar on Friday, May 29, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, amid sustained liquidity support and continued monitoring by market participants.
Data published by the Central Bank of Nigeria showed that the dollar traded around ₦1,375.41 at the NFEM window, reflecting little change from recent trading sessions. Market watchers said the official market continued to benefit from improved FX inflows and ongoing interventions aimed at stabilising the naira.
At the parallel market, also known as the black market, the dollar exchanged at an average buying rate of about ₦1,378 and a selling rate of approximately ₦1,390 on Friday.
