Dollar to Naira Exchange Rate Today, April 1, 2026

Naira opened at ₦1,385.27 per Dollar at the Nigerian Foreign Exchange Market (NFEM) Wednesday, as traders reported steady supply from autonomous sources, according to ChannelsTV.

Several factors are contributing to the current exchange rate environment as the market enters April.

While the first day of the quarter often sees a surge in demand as firms settle international invoices, the high level of system liquidity, which exceeded ₦8 trillion at the end of March, has prevented any immediate spikes in the rate.

Despite a moderate decline in gross reserves toward the end of March, Nigeria’s accounts remain substantial at approximately $49.40 billion.

Sustained production and favorable global prices for Bonny Light crude continue to provide the necessary foreign exchange liquidity to meet domestic demand.

Again, stability in the official window is largely credited to the consistent use of the Electronic Foreign Exchange Matching System (EFEMS), which has significantly curtailed the sharp, unpredictable volatility seen in previous years.

The market expects the currency to trade within the ₦1,380 to ₦1,420 corridor throughout the first week of April, while waiting on the Central Bank of Nigeria’s next move regarding interest rates.