Dollar to Naira exchange rate today, May 1, 2026

The Nigerian Naira opened May with slight fluctuations against the US Dollar, trading at approximately 1,374.69 per Dollar in the official market. In the parallel market, the Dollar is exchanged at rates close to the official figures, between 1,374 and 1,376. The current stability is attributed to consistent interventions by the Central Bank and monitoring of foreign capital inflows, although pressure on consumer goods prices remains.