As of this morning, Wednesday, April 15, 2026, the Naira is showing signs of stability with a slight appreciation in the official window compared to the start of the week.
Here are the current exchange rates as of 8:30 AM WAT:
Exchange Rate Breakdown
| Market Segment | Rate (per US Dollar) | Trend |
| Official (NAFEM) | ₦1,350.84 – ₦1,352.50 | Slightly Appreciating |
| Parallel (Black Market) | ₦1,460 – ₦1,485 | Volatile |
Key Market Drivers Today
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Official Window Stability: The Nigerian Foreign Exchange Market (NFEM) opened at approximately ₦1,352.25, following a sustained appreciation rally that began on Tuesday. Strategic interventions by the Central Bank of Nigeria (CBN) to manage liquidity have helped keep the rate near the ₦1,350 mark.
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Parallel Market Pressure: Despite the official gains, the black market still carries a premium of over ₦100 due to high demand for retail transactions, tuition fees, and international travel.
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Global Factors: Market sentiment is currently influenced by the IMF’s recent growth forecast for Nigeria and global oil production levels, which impact the country’s foreign reserves.
Note: These rates are subject to change as the trading day progresses. The afternoon session usually determines the final closing trajectory for the day.
