Dollar to Naira exchange rate today, May 5, 2026: Nigerian currency depreciates

The Naira depreciated against the dollar astatine the authoritative overseas speech marketplace connected Tuesday.

The Central Bank of Nigeria’s information showed that the Naira weakened to N1,366.56 per dollar connected Tuesday from N1,365.25 exchanged connected Monday. This means that astatine the authoritative market, the Naira dropped by N1.3 against the dollar connected a day-to-day basis.

Meanwhile, astatine the achromatic market, the Naira study remained unchanged astatine N1,395 against the dollar connected Tuesday, the aforesaid complaint recorded the erstwhile day.

Regarding the country’s outer reserves, the apex slope information showed that they stood astatine $48,36 cardinal arsenic of April 30, 2026.

Recall that connected Monday, the Naira began the week connected a bully note with implicit N9 summation against the dollar.

Dollar to Naira speech complaint today, May 5, 2026: Nigerian currency depreciates