As of this morning, Wednesday, March 25, 2026, the Naira is showing signs of stability following a volatile week. The gap between the official and parallel markets remains relatively narrow compared to previous months.
Here are the current exchange rates:
Official Market (NAFEM)
The official rate, managed through the Nigerian Autonomous Foreign Exchange Market (NAFEM), opened the day with a slight appreciation.
-
Opening Rate: ₦1,375.61/$
-
Closing Rate (Previous Day): ₦1,380.32/$
-
Daily Range: ₦1,362 – ₦1,385/$
Parallel Market (Black Market)
The black market continues to trade at a premium, though it has stabilized alongside the official window.
-
Buying Rate: ₦1,420/$
-
Selling Rate: ₦1,435/$
Key Economic Indicators (March 25, 2026)
The Central Bank of Nigeria (CBN) and the National Bureau of Statistics (NBS) have reported the following figures influencing the market today:
| Indicator | Current Value | Note |
| Monetary Policy Rate (MPR) | 26.50% | Cut by 50bps in February to stimulate growth. |
| Inflation Rate | 15.06% | Continued downward trend from 2025. |
| External Reserves | $49.83 Billion | Stable, providing a buffer for the Naira. |
| Crude Oil (Bonny Light) | $111.48/bbl | High prices are boosting foreign exchange inflows. |
Market Analysis
The Naira’s current performance is largely driven by high global oil prices and the recent €290 million EU investment package, which has improved dollar liquidity. However, high demand for imports continues to put pressure on the parallel market.
