The Naira is showing relative stability this morning, Wednesday, April 29, 2026, with the exchange rate hovering around the same levels seen earlier in the week.
Parallel Market (Black Market) Rates
In the parallel market, the Naira is trading at:
-
Buying: ₦1,480 / $1
-
Selling: ₦1,495 / $1
(Note: Some traders are quoting up to ₦1,510 depending on the volume and location, but the average remains under the 1.5k mark for now.)
Official NAFEM Window
The official Nigerian Autonomous Foreign Exchange Market (NAFEM) rate opened this morning within a stable range:
-
Current Rate: ~₦1,378.55 / $1
-
Expected Daily Range: ₦1,355 – ₦1,385
