Dollar to Naira Exchange Rate on May 11th, 2026

On May 11th, 2026, the exchange rate for the dollar to naira in Nigeria shows a black market rate of 1395 naira per dollar. In contrast, the swap dollar to naira exchange rate is reported at 1385 naira per dollar.

The article emphasizes that the parallel market, often referred to as the black market, is not recognized by the official banking system. It advises individuals who wish to engage in currency exchange to approach banks directly, highlighting the distinction between official rates and those found in the black market.