As of Friday, March 20, 2026, the exchange rates for the US Dollar (USD) to the Nigerian Naira (NGN) show the market entering a period of holiday-induced low liquidity, with the Naira holding steady following yesterday’s marginal decline.
Parallel Market (Black Market) Rates
In the unofficial market, the Naira is trading within a narrow range today as business activity slows for the Eid-el-Fitr public holiday.
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Buying Rate: ₦1,425
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Selling Rate: ₦1,440
Official Market (NAFEM) Rates
Trading in the official window (Nigerian Autonomous Foreign Exchange Market) is currently thin due to the nationwide public holiday. However, the last recorded activity shows:
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Opening Rate: ₦1,357.77
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Current Trading Rate: ₦1,363.50
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Daily High: ₦1,368.00
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Daily Low: ₦1,354.00
Market Analysis
The Naira closed yesterday with a slight depreciation, ending the pre-holiday session at approximately ₦1,362.00. Today’s relative stability in the parallel market suggests that while demand remains, the lack of corporate activity during the holiday has temporarily capped further volatility. The “spread” between the official and black market rates currently stands at approximately ₦76.
