Dollar to Naira Exchange Rate Today, April 7, 2026

On Tuesday, April 7, 2026, the Nigerian Naira demonstrated relative stability against the United States Dollar in both the official and informal foreign exchange markets.

In the morning session, the exchange rate at the Nigerian Foreign Exchange Market (NFEM) was approximately 1,379.30 Naira per dollar, showing a slight appreciation compared to the closing rates from the previous week.

During early trading, the exchange rate fluctuated between a high of 1,380.10 and a low of 1,378.70 Naira per dollar.

This stability comes after a period of mild volatility experienced in late March, which saw the Central Bank of Nigeria taking measures to address liquidity issues through interventions and adjustments in interbank turnover.

Financial analysts indicate that the current exchange rate reflects a balanced dynamic of demand and supply as the second quarter of the year progresses.

In the parallel market, popularly known as the black market, the dollar is trading within a similar range, hovering around 1,379.10 for those looking to buy or sell. The narrow gap between the official and parallel market rates continues to highlight the success of ongoing exchange rate unification policies, which have significantly reduced the arbitrage opportunities that previously plagued the market.

Market participants are keeping a close watch on upcoming futures contracts and central bank policy statements later this month, which are expected to dictate the Naira’s trajectory through the mid-year period. For now, the Nigerian currency remains resilient, holding its ground amidst global economic shifts.