Naira to Dollar exchange rate today, Monday, April 27, 2026
The Nigerian naira began the final trading week of April 2026 on a relatively stable note, trading at about ₦1,352.25 per dollar at the official market, while the parallel market hovered around ₦1,475/$1.
Market participants remain focused on how the currency will perform across both the Nigerian Foreign Exchange Market (NFEM) and the parallel segment as liquidity conditions continue to shift.
Official Market Shows Mild Stability
At the official window, the naira recorded a slight gain in early trading on Monday, April 27, 2026. Available data shows the currency exchanging at approximately ₦1,352.25 to the dollar.
This comes after a volatile close last week, when the exchange rate moved between a high of ₦1,355.80 and a low of ₦1,350.00.
The Central Bank of Nigeria continues to oversee the market using its “willing buyer, willing seller” framework aimed at improving transparency and efficiency.
Early trading volumes suggest that institutional investors are proceeding cautiously, as they assess economic signals alongside prevailing foreign exchange supply levels.
Parallel Market Holds Higher Range
In the parallel market, which typically reacts faster to retail demand and speculation, the naira remains weaker compared to the official rate.
Currency dealers across major cities such as Lagos and Abuja report that the dollar is currently selling at around ₦1,475.
Although the gap between both markets has reduced significantly in recent years due to ongoing reforms, the informal market still plays a key role for individuals and small businesses seeking quick access to foreign currency.
Key Drivers of Exchange Rate Movement
Analysts link the current stability to sustained foreign interest in Nigeria’s fixed-income assets and relatively steady global oil prices.
However, demand pressure persists, driven largely by the need for dollars to settle international trade transactions and pay overseas school fees.
As trading continues, attention is expected to shift to data from the FMDQ Securities Exchange, which will offer clearer insight into total turnover and the official closing rate that could shape market direction for the rest of the week.