Naira depreciates, trades at N1,375.6/$ at official FX market

…Naira depreciates by at least N2 against the USD

…Black market (Buying and selling rates) — N1,390 — N1,394

The Nigerian naira depreciated slightly against the United States (US) dollar, trading at N1,375.6219 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Tuesday, 12th May, 2026.

The data shared on the official platform of the Central Bank of Nigeria (CBN) show that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of  N1,375.6219 per dollar and closed at N1,373.0000 per dollar.

Tribune Online reports that the Nigerian currency traded at an NFEM rate of N1,373.1640 on Monday, 11th May, 2026. Comparing this with that of Tuesday trading rate, the Nigerian currency depreciated by at least N2.    

At the parallel market, the naira-to-dollar for the buying rate remained the same, while the selling rate decreased slightly by N1, when compared with the previous trading rate on 11th May, 2026.

According to Aboki FX , the Naira-to-dollar exchange rate at the black market on Tuesday, 12th May, 2026, was N1,390 for the buying rate and N1,394 per dollar for the selling rate.