Dollar to Naira exchange rate today, May 15, 2026: Nigerian currency extends depreciation

The naira extended its depreciation against the dollar astatine some the authoritative and parallel overseas speech markets, ending the week connected a antagonistic note.

Data from the Central Bank of Nigeria showed that the naira weakened further on Friday to N1,371.04 per dollar, down from N1,370.89 traded the erstwhile day.

This means that, connected a day-to-day ground astatine the authoritative market, the naira dipped by N0.15 against the dollar.

Similarly, astatine the parallel market, the naira fell importantly to N1,415 per dollar on Friday, from N1,395 per dollar exchanged on Thursday and implicit the past 4 days.

The improvement comes contempt a three-day summation successful the country’s overseas reserves, which stood astatine $48.51 cardinal arsenic of May 13, 2026, according to the apex bank.

Recall that on Thursday, the naira besides dropped against the dollar astatine the authoritative overseas speech market.

In the week nether review, the naira recorded mixed sentiments of losses and gains against overseas currencies.

Dollar to Naira exchang...