Dollar to Naira Exchange Rate Update for May 12, 2026

On May 12, 2026, the exchange rate for the dollar to naira in the black market was reported at 1,400 naira per dollar, while the swap dollar to naira exchange rate stood at 1,387 naira. The article emphasizes that the central bank does not recognize the parallel market, indicating that individuals wishing to engage in currency exchange should approach the bank directly.

The context suggests ongoing fluctuations in the currency exchange rates, reflecting the economic situation in Nigeria.