The Nigerian Naira maintained a steady performance in the official Nigerian Foreign Exchange Market (NFEM) during the most recent trading session, closing at N1,361.00 to the US Dollar.
Data released by the Central Bank of Nigeria (CBN) on May 5, 2026, indicates that the local currency experienced a slight appreciation from the previous day’s closing rate of N1,361.
Throughout the day’s trading, the Naira reached an intraday high of N1,365.50 before settling at its closing price, reflecting a period of relative stability in the official window.
Market activity remained robust, with the NFEM Interbank Turnover reaching $71,587,752.88 across 99 successfully executed deals.
The current trading pattern shows the Naira holding firm within the N1,360 to N1,375 range, a trend that has persisted since late April. This stability is seen as a positive signal for businesses and importers who rely on the official window for foreign exchange requirements.