Dollar to Naira Exchange Rate on May 4th, 2026

On May 4th, 2026, the exchange rate for the US dollar to the Nigerian naira in the black market is reported at 1,400 naira per dollar. In contrast, the swap dollar to naira exchange rate is noted to be 1,385 naira.

The article highlights that the parallel market is not acknowledged by banks, suggesting that individuals seeking to engage in currency exchange should approach banks directly. This information reflects the ongoing dynamics in Nigeria's currency exchange landscape, particularly the disparity between official and black market rates.