Naira to Dollar exchange rate today, Friday, April 10, 2026

The Nigerian Naira traded steadily against the United States Dollar in early dealings on Friday, April 10, 2026, opening at about N1,361.75/$ at the official market while hovering between N1,450 and N1,470/$ in the parallel market.

At the Nigerian Foreign Exchange Market (NFEM), which serves as the official window for currency transactions, the local currency showed little movement in the opening hours of trading.

Stable Opening Amid Policy Efforts

The opening rate of N1,361.75 per Dollar reflects ongoing efforts by the Central Bank of Nigeria to stabilise the foreign exchange market and manage liquidity pressures.

Early trading data indicated slight movements, with the Naira briefly strengthening to around N1,360.75 before returning to its opening level, suggesting a controlled and relatively calm market.

Black Market Trades at Premium

In the parallel market, commonly referred to as the black market, the Naira continued to trade at a higher rate compared to the official window.

Checks with Bureau De Change operators in Lagos and Abuja showed the Dollar being exchanged between N1,450 and N1,470, depending on transaction size and location.

Investors Watch Market Gap

The gap between the official and parallel market rates remains a key concern for investors and businesses relying on foreign exchange.

Market analysts attribute the current stability to sustained interventions by monetary authorities and a modest improvement in foreign exchange inflows.

Despite this, demand for the Dollar—driven by travel needs, school fees, and import payments—continues to place pressure on the Naira.

As of 6:45 AM WAT, traders maintained a cautious outlook, closely watching how the currency will close the week as mid-month trading approaches.