Naira to Dollar exchange rate today, Tuesday, April 21, 2026

The Nigerian Naira opened trading on Tuesday, April 21, 2026, at an average rate of ₦1,345.47 per dollar in the official market, maintaining its positive momentum as efforts to narrow the gap between formal and informal exchange rates continue.

The local currency’s steady performance follows a stable start to the week, supported by improved market oversight and balanced foreign exchange supply.

In the Nigerian Foreign Exchange Market (NFEM), the Naira showed slight appreciation during early trading, strengthening marginally from the previous session’s close.

It briefly traded at a high of ₦1,345.87 per dollar before stabilising, reflecting sustained interbank activity and healthy turnover.

Analysts attribute this consistency to the Central Bank’s continued push for transparent price discovery and adequate liquidity for legitimate transactions.

Parallel Market Shows Reduced Volatility

The parallel market also reflected a calmer trend across key cities such as Lagos, Port Harcourt, and Kano.

The dollar traded within a range of ₦1,390 to ₦1,405, maintaining a premium over the official rate.

However, the sharp fluctuations that previously defined this segment have eased, offering more predictability for individuals and small businesses dependent on informal channels.

Market observers note that the current stability is driven by improved investor confidence, stronger external reserves, and increased dollar inflows from foreign portfolio investors.

These factors have helped ease pressure on the currency while supporting gradual alignment between both market segments.

For businesses and households, the prevailing rates suggest a period of consolidation.

Although the global strength of the U.S. dollar remains a concern, the Nigerian market has shown resilience by meeting demand without major disruptions.

This stability is expected to support planning and transactions as the third week of April progresses.