The naira slid further against the U.S. dollar at the official foreign-exchange window on Monday, May 11, 2026, extending the currency’s soft start to the week despite a small increase in Nigeria’s external reserves.
Naira exchange rates: May 11, 2026
At the official market, the Central Bank of Nigeria’s figures show the naira weakened to N1,373.16 per dollar on Monday.
This compares with N1,361.39 per dollar traded at the close of business last Friday.
Overall, that represents a fall of N11.77 versus the level recorded at the end of the previous trading week.
In the parallel (black) market, the naira held steady at N1,395 per dollar, the same rate reported on Friday.
Separately, the central bank data indicated that Nigeria’s external reserves edged up to $48.36 billion as of May 8, 2026, rising from $48.33 billion the day before.
The move continues the pattern seen on Friday, when the naira had fallen against the dollar at the official foreign-exchange market to finish the week on a weaker note.
Zibuyile began her media journey as a sales intern at Mediamark (Kagiso Media) before moving into digital content creation for ZAlebs.com. Over four years, she helped evolve the platform from a simple blog into one of South Africa’s leading independent entertainment news sites.
Following ZAlebs’ transition to Celebrity Worx in 2016, Zibuyile was promoted to Executive Editor, recognized for her sharp audience insight and ability to match editorial with branded content. Highlights of her time include a Bookmark Award nomination, judging TLC’s Next Great Presenter, reporting from the MTV EMAs, and building partnerships with radio stations like YFM, Cliff Central, and Good Hope FM.
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