The Naira continues its streak of relative stability against the US Dollar as the market opens this morning, Tuesday, April 14, 2026.
Official Exchange Rate (NAFEM)
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira is trading firmly within the mid-1,300s.
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Current Rate: ₦1,358.94 per $1
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Opening Range: ₦1,357.31 – ₦1,358.63
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Closing (Previous Session): ₦1,356.89
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Market Sentiment: The official window is showing high liquidity following recent Central Bank interventions and the boost in foreign reserves, which reached a 13-year high earlier this year.
Black Market (Parallel Market) Rate
The unofficial market remains steady with a marginal premium over the official rate, reflecting a significantly narrowed gap compared to previous months.
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Average Rate: ₦1,400 – ₦1,410 per $1
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Trend: Despite the slight pressure from the ongoing Middle East energy crisis, the parallel market has not seen the sharp volatility many expected, largely due to increased domestic refining capacity which has reduced the demand for Dollars to import petroleum products.
