Dollar to Naira Exchange Rate on May 12, 2026

On May 12th, 2026, the exchange rate of the dollar to the naira in the black market was reported at 1,400 naira per dollar. In contrast, the swap dollar to naira exchange rate was noted at 1,387 naira.

The article emphasizes that the parallel market is not recognized by banks, and individuals wishing to engage in currency exchange should approach banks directly. The information reflects the ongoing dynamics of currency exchange in Nigeria, highlighting the disparity between official and black market rates.