The Naira is showing a relatively firm start to the week against the US Dollar today, Monday, March 30, 2026, following a period of slight depreciation last week.
Current market data indicates the following rates as of mid-morning:
Exchange Rates (USD/NGN)
| Market Type | Buying Rate | Selling Rate |
| Official (NFEM) | ₦1,380.50 | ₦1,384.25 |
| Parallel (Black Market) | ₦1,395.00 | ₦1,415.00 |
Key Market Drivers Today
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Official Window Stability: The Naira opened the session around $1,383.19$ after closing Friday at $1,380.58$. High liquidity levels following recent government debt auctions are helping to provide a buffer against major spikes.
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Parallel Market Premium: The gap between the official and black market rates currently sits at approximately ₦35, which is significantly narrower than the volatility seen in 2024–2025.
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External Reserves: There is some pressure on the currency as Nigeria’s external reserves dipped slightly to $49.48 billion as of late last week, marking a nine-day consecutive decline.
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CBN Policy: The Central Bank has recently removed the cash pooling requirement for International Oil Companies (IOCs), allowing them full access to their repatriated export proceeds to boost market liquidity.
Other Major Currencies
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British Pound (£): Currently trading between ₦1,910 and ₦1,940 in the parallel market.
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Euro (€): Trading around ₦1,495 in the informal market.
