As of Thursday morning, April 2, 2026, the Naira is showing slight resilience against the US Dollar in the official window while remaining stable in the parallel market.
USD to NGN Exchange Rates
| Market Type | Buying Rate | Selling Rate |
| Official (NAFEM) | ₦1,380.03 | ₦1,381.50 |
| Parallel (Black Market) | ₦1,410.00 | ₦1,415.00 |
Market Analysis for Today
-
Official Window Performance: The Nigerian Autonomous Foreign Exchange Market (NAFEM) opened the day at ₦1,380.03, reaching a morning high of ₦1,382.45 before settling around ₦1,381.50. This indicates a marginal improvement from the closing rates seen at the end of March.
-
Parallel Market Gap: The “spread” (the difference between official and black market rates) currently sits at approximately ₦33.50. This narrow gap is generally seen as a sign of successful liquidity management by the Central Bank of Nigeria (CBN).
-
Outlook: Traders are closely watching the market today as it is the first full trading session of the new quarter. High demand for invisible transactions (school fees and medical bills) often places pressure on the Naira during the first week of a new month.
Other Major Currencies (Black Market)
-
British Pound (£): ₦1,780 / ₦1,805
-
Euro (€): ₦1,525 / ₦1,540
Note: Rates in the parallel market can vary slightly depending on your location in Nigeria (Lagos, Abuja, or Kano) and the volume of the transaction.
