As of this morning, Sunday, April 12, 2026, the Nigerian Naira continues its recent trend of appreciation against the US Dollar.
Since the foreign exchange markets are typically closed on Sundays, the rates remain stable at the closing figures from Friday, April 10.
Official Exchange Rate (NAFEM)
The Naira strengthened significantly over the past week at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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Closing Rate: ₦1,356.89 per $1
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Weekly Trend: The currency gained approximately 2.19% this week, moving from ₦1,386.66 on Tuesday to its current sub-1,360 level.
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Daily Movement: It firmed by ₦12.43 (0.92%) on the final trading day of the week.
Black Market (Parallel Market) Rate
In the unofficial market, the Naira remains relatively steady, maintaining a small but visible gap with the official window.
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Average Rate: ₦1,400 – ₦1,405 per $1
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Market Gap: The spread between the official and parallel markets currently sits at approximately ₦43, or about 3.1%.
