As today is Saturday, April 4, 2026, the Nigerian foreign exchange market is largely quiet due to the ongoing Easter weekend. While the official window is closed, the parallel market remains the primary source for live rate movements.
USD to NGN Exchange Rates
Official Market (NAFEM)
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Rate: ₦1,378.13 (Closed)
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Status: The official market is CLOSED for the weekend and the Easter public holiday. This rate reflects the final closing price from Friday, April 3. No new official trades will be recorded until the market reopens on Tuesday, April 7, 2026.
Parallel Market (Black Market)
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Buying Rate: ₦1,405.00
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Selling Rate: ₦1,410.00
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Status: ACTIVE. The black market continues to operate despite the holiday. Rates have remained incredibly stable over the last 24 hours, with no significant volatility reported by BDC operators in major hubs like Lagos (Ikeja/Lekki) and Abuja (Wuse Zone 4).
Market Insights & Trends
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Convergence: The gap between the official and parallel rates remains tight at approximately ₦31.87, a positive sign for the Central Bank’s efforts to unify the exchange windows and discourage round-tripping.
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Holiday Lull: Trading volume is expected to remain low until next Tuesday. Most businesses have paused major foreign transactions until the resumption of the work week.
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Inflation Watch: With the most recent inflation data hovering around 15.06%, the steady performance of the Naira this week provides some temporary relief for importers and retail consumers.
Other Major Currencies (Parallel Market)
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British Pound (£): ₦1,775 (Buy) / ₦1,795 (Sell)
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Euro (€): ₦1,515 (Buy) / ₦1,530 (Sell)
Note: Parallel market rates are subject to slight variations based on location and the specific BDC operator. It is always advisable to confirm the final price before completing a physical transaction.
