The naira moved a little today. Not too much. Just enough to notice. 😌
On Friday, May 15, 2026, the official market traded at about ₦1,371 per dollar. That is a small drop from yesterday’s ₦1,368.95. The black market? Between ₦1,392 and ₦1,395. Same range. Same pressure. 💰
In Lagos and Abuja, BDC operators bought dollars at slightly lower rates and sold close to ₦1,395. The gap between official and black market is still narrow — just ₦20 to ₦24. That is good news. It means the Central Bank’s efforts are still working. 🏦
But here is the catch. Forex turnover dropped to about $78.8 million, down from $130.6 million in the previous session. Less dollars flowing through the system. That is why the naira eased a little. 📉
Experts say the naira is staying stable because of CBN interventions and improved external reserves. But demand is still high. Importers need dollars. Travelers need dollars. Parents need dollars for school fees. Businesses need dollars. Everyone is chasing the same currency. 😔
So what is the takeaway? The naira is not crashing. It is not flying either. Just moving small. Watching. Waiting. ⏳
Will the naira strengthen next week or drop further? Drop your predictions below. 👇
