Naira Drops by N2 Against Dollar at Official Window, Black Market Steady

By —

The Nigerian naira depreciated against the US dollar at the official foreign exchange window on Monday. Data from the Central Bank of Nigeria shows the naira traded at N1,373.7004 per dollar at the Nigerian Foreign Exchange Market. It closed at N1,373.5000 per dollar.

On Friday, 15th May 2026, the naira traded at N1,371.0391 per dollar. This means the currency lost at least N2 over the weekend.

At the parallel market, the naira to dollar buying rate increased by N2. The selling rate remained unchanged from Friday's level. According to AbokiFX, black market rates on Monday stood at N1,395 for buying and N1,400 for selling per dollar.

Forex News

11 key things to know as FG changes the NIN law with new NIMC Act 2026
ABOKI FOREX
SEC admits 7 more crypto firms into regulatory sandbox, total now 9
ABOKI FOREX
Petrol Price War: Marketers Slash PMS Costs by Up to N43 as Dangote Refinery Cuts Again
ABOKI FOREX
Why petrol landing cost is falling below Dangote refinery price
ABOKI FOREX
Beta Glass Plc Posts ₦37.5bn Revenue, Elects New Board at 52nd AGM
ABOKI FOREX
Why petrol is still above N1,000: Dangote, importers battle for market control
ABOKI FOREX
Cooking gas prices drop by over N1,000 per kg as depots cut rates
ABOKI FOREX
Naira Mixed Against US Dollar: Gains in Official Market, Falls in Black Market
ABOKI FOREX
NNPC Slashes Petrol Pump Prices Again, Lagos Drops to N1,170 and Abuja to N1,210
ABOKI FOREX
Dangote Cement chairman blames energy costs, forex for high cement prices
ABOKI FOREX