Dollar to Naira exchange rate today, May 12, 2026: Nigerian currency continues depreciation

The Naira extended its depreciation against the dollar at the official foreign exchange market on Tuesday.

Central Bank of Nigeria data showed that the Naira weakened further to N1,375.62 per dollar on Tuesday, down from N1,373.16 traded on Monday.

This means that, on a day-to-day basis, the Naira dipped by N2.46.

Meanwhile, at the black market, the Naira remained flat at N1,395 per dollar, the same rate exchanged on Monday.

The development comes despite the country’s foreign reserves surging to $48.45 billion as of May 11, 2026, according to apex bank data.