The naira is moving again. Not too much. But enough to notice. 👀
On Tuesday, May 12, 2026, the official market traded at about ₦1,358 per dollar. The black market? Between ₦1,400 and ₦1,410. That is a small jump from previous days. 💰
In Lagos and Abuja, BDC operators bought dollars at around ₦1,390 and sold between ₦1,400 and ₦1,410. Depending on where you buy, the price may change slightly.
The good news? The gap between official and black market is still small. That means the Central Bank’s efforts are working. For now. 🏦
The bad news? Demand is still high. Importers need dollars. Parents need dollars for school fees abroad. Travelers need dollars. Everyone is chasing the same currency. 😔
Analysts say the naira is stable because the CBN has been supplying more dollars. But they warn that inflation and other problems could still shake things up.
So what is the takeaway? The naira is not crashing. But it is not celebrating either. Just standing still. Watching. Waiting. ⏳
Will the naira get stronger or weaker in the coming weeks? Drop your predictions below. 👇
