Naira to Dollar exchange rate today, Tuesday, April 14, 2026

The Nigerian naira recorded a modest gain against the US dollar in early trading on Tuesday, April 14, 2026, as the foreign exchange market responded to improved liquidity and continued interventions by the central bank.

At the Nigerian Foreign Exchange Market (NFEM), the official window for currency trading, the naira began the day at about N1,358.20 to the dollar, reflecting a slight improvement from Monday’s closing rate.

Early session data showed the currency moving within a narrow range, hitting a low of N1,357.31 and a high of N1,358.63.

This steady movement points to a relatively calm market, with banks and large investors meeting routine dollar demands.

Meanwhile, activity in the parallel market, often called the black market, remained stronger, driven largely by demand from individuals and small businesses.

Reports from Bureau De Change operators in key cities such as Lagos, Abuja, and Kano indicate that the dollar is currently selling between N1,465 and N1,490.

Although the gap between the official and unofficial markets still exists, recent stability in the NFEM has helped prevent sharp fluctuations in the parallel segment.

Analysts say the naira’s performance continues to depend on foreign exchange inflows and the global strength of the US dollar. These factors remain critical in shaping market direction.

For many Nigerians, exchange rate stability is more than a market issue. It directly affects the cost of imported goods and contributes to rising living expenses.

As of 7:00 a.m. WAT, trading remains steady, with market participants watching closely for developments later in the day, which often influence the final closing rate.