The Naira is starting the weekend with relative stability in the official window, though the gap between official and parallel markets remains a key focus for businesses and traders.
Here are the exchange rates as of Saturday morning, April 11, 2026:
Official NAFEM Rate (CBN)
The official exchange rate is currently holding steady following the Friday close:
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Buying/Selling Rate: ₦1,358.68 per $1
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Trend: Stable (Minimal change from the previous day’s close).
Parallel Market (Black Market) Rates
In the unofficial market, rates vary slightly by location and volume, but are currently averaging as follows:
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Buying Rate: ₦1,420 per $1
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Selling Rate: ₦1,435 per $1
Regional Breakdowns (Black Market)
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Lagos (Ikeja/Island): ₦1,425 – ₦1,435
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Abuja (Wuse Zone 4): ₦1,430 – ₦1,440
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Kano: ₦1,420 – ₦1,430
Key Market Drivers
The current stability is being influenced by two major factors reported this morning:
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CBN Liquidity Injection: The Central Bank has maintained its strategy of periodic dollar sales to Bureau De Change (BDC) operators to prevent extreme volatility.
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World Bank Economic Data: New reports indicating a ₦1 trillion cut in capital spending by the Nigerian government have kept investors cautious, though it has not yet triggered a major sell-off of the Naira.
