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Live Naira Rates. Daily FX Intelligence.
NAFEM, parallel market, and what moves the naira — in one place.
PARALLEL RATES
LIVE
Field collected · Updates 3x daily
Last updated: 17:23 WAT
LAGOS
USDBuy ₦1,385│Sell ₦1,395GBPBuy ₦1,860│Sell ₦1,880EURBuy ₦1,600│Sell ₦1,620
7 reports · 17:21 WAT
ABUJA
USDBuy ₦1,393│Sell ₦1,398GBPBuy ₦1,870│Sell ₦1,880EURBuy ₦1,615│Sell ₦1,630
4 reports · 17:23 WAT
⚠️ Rates from field reporters. Not a transactable quote. Verify before dealing.
🇳🇬 NAIJA FX MORNING BRIEF
Friday, 15 May 2026
Naira Steadies on Record NAFEM Turnover; Brent Surge Supports Oil Revenue
NGN WATCH
NAFEM
₦1,370.56
PARALLEL
₦1,396.83
SPREAD
₦26.27+1.92%
NGN/USD closed NAFEM at ₦1,370.56, with the parallel market at ₦1,396.83—a ₦26 spread that reflects tight liquidity despite yesterday's record $1.89bn single-day turnover. The naira's resilience points to sustained dollar inflows, likely driven by oil receipts and remittances, though the parallel-market premium still signals persistent cash scarcity at the official window.
COMMODITIES
BRENT
$107.85+3.49%
Brent crude surged 3.49% to $107.85/bbl, a significant move that reinforces Nigeria's oil-export advantage and should boost CBN dollar reserves in coming days; higher crude is naira-supportive, reducing pressure on the official window and potentially widening dollar availability for importers.
MAJOR PAIRS
EUR/USD
1.1637
GBP/USD
1.3343
USD/JPY
158.608
EUR and GBP both weakened sharply (−1.12% and −1.85% respectively) as the dollar strengthened across the board, while USD/JPY climbed 1.12%, confirming broad-based dollar strength that could have tested NGN harder without today's oil and NAFEM tailwinds.
DXY / DOLLAR
The DXY jumped 1.27% to 99.18, marking a sharp rally in dollar strength across major pairs—EUR/USD and GBP/USD both fell over 1%—which typically headwinds for emerging currencies like the naira, yet NGN held firm today, suggesting local supply factors are offsetting external USD demand.
WATCH TODAY
- ›Brent crude at $107.85 signals strong oil revenue for Nigeria—watch for CBN interventions to ease dollar supply
- ›NAFEM turnover at record $1.89bn yesterday—high liquidity may persist, capping parallel-market widening
- ›DXY strength (1.27% gain) vs. NGN resilience—monitor if dollar momentum overwhelms local supply relief
- ›Parallel spread of ₦26 remains elevated—cash rationing at official window still a drag on naira accessibility
BOTTOM LINE
The naira is holding its ground thanks to oil gains and robust NAFEM turnover, but the ₦26 parallel spread and DXY's aggressive rally remind us that dollar scarcity persists below the surface; importers and diaspora should watch for any slip in Brent or NAFEM momentum, either of which could widen the gap quickly.
Generated 07:00 WATCBN · Yahoo Finance (Brent) · Yahoo Finance (DXY + pairs) · Sanity field collectors · BusinessDay RSS
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