Dollar to Naira Exchange Rate Today, April 10, 2026

On the Nigerian Foreign Exchange Market (NFEM), which serves as the official platform for currency transactions, the Naira commenced trading at around N1,361.75 per Dollar.

This exchange rate is indicative of the Central Bank of Nigeria’s ongoing initiatives to manage liquidity and mitigate volatility within the official market.

During early morning trading sessions, the Naira experienced minor fluctuations, briefly reaching a peak of N1,360.75 before returning to the N1,361.75 level.

In contrast, the parallel market, commonly referred to as the black market, is seeing the Naira trade at a slight premium compared to the official rate.

Bureau De Change operators in cities like Lagos and Abuja report that the Dollar is being traded between N1,450 and N1,470, with variations depending on transaction volume and specific locality.

The spread between the official and parallel market rates remains a focal point for investors and businesses. Financial analysts suggest that the current stability is a result of consistent interventions and improved foreign exchange inflows.

However, demand for the greenback for personal travel allowances, school fees, and import bills continues to exert pressure on the local currency.

As of 6:45 AM WAT, the market sentiment remains cautious, with traders closely monitoring the closing rates for the week to gauge the Naira’s performance heading into the mid-month period.