Good morning! As of Saturday morning, April 25, 2026, the Naira is showing relative stability following a volatile week in the foreign exchange market.
Here are the current exchange rates:
1. Official Market (NFEM)
The official rate, as tracked by the Central Bank of Nigeria (CBN) and the Nigerian Foreign Exchange Market (NFEM), opened slightly higher today.
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Current Rate: ₦1,351.84 / $1
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Closing (Friday, April 24): ₦1,353.91 / $1
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Market Range: The market has seen a high of ₦1,355 and a low of ₦1,350 over the last 24 hours.
2. Parallel (Black) Market
Rates in the parallel market remain slightly decoupled from the official window, though the gap has narrowed compared to last month.
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Buying Rate: ₦1,465 / $1
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Selling Rate: ₦1,480 / $1
3. Peer-to-Peer (P2P) / Crypto Exchange
For those using digital platforms or stablecoins (like USDT), rates are slightly more premium:
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Average P2P Rate: ₦1,485 – ₦1,492 / $1
Quick Conversion Table
| US Dollar ($) | Official (₦) | Parallel (₦) |
| $1 | ₦1,351.84 | ₦1,480.00 |
| $10 | ₦13,518.40 | ₦14,800.00 |
| $50 | ₦67,592.00 | ₦74,000.00 |
| $100 | ₦135,184.00 | ₦148,000.00 |
| $500 | ₦675,920.00 | ₦740,000.00 |
| $1,000 | ₦1,351,840.00 | ₦1,480,000.00 |
Market Note: Analysts attribute this morning’s slight appreciation in the official window to increased liquidity from the $2.32 trillion corporate tax remittances recently reported by the NRS, which has bolstered the Central Bank’s reserves.
