The naira is doing a little dance today. Not too high. Not too low. Just moving. 😌
On Thursday, May 14, 2026, the official market traded at about ₦1,375 per dollar. That is a small drop from yesterday. The black market? Still between ₦1,395 and ₦1,405. Same range. Same pressure. 💰
In Lagos and Abuja, BDC operators bought dollars around ₦1,385 to ₦1,395 and sold between ₦1,400 and ₦1,405. The gap between official and black market is still narrow — just ₦20 to ₦30. That is good news. It means the Central Bank’s efforts are working. 🏦
Big news? FX turnover at the official market recently jumped to about $1.89 billion in a single trading session. That is a lot of dollars flowing through the system. More supply. More liquidity. More stability. 📈
Nigeria’s external reserves are now around $48.48 billion. That is strong. That is backup. That is confidence.
But let us not celebrate too fast. Demand is still high. Importers need dollars. Travelers need dollars. Businesses need dollars. The black market is still active because not everyone can access the official window. 😔
So what is the takeaway? The naira is not crashing. It is not flying either. Just holding steady. Watching. Waiting. ⏳
Will the naira continue to improve as reserves grow? Or will demand push it back down? Drop your predictions below. 👇
