Naira to Dollar exchange rate today, Tuesday, April 7, 2026

The Nigerian Naira traded relatively steady against the United States Dollar on Tuesday morning, April 7, 2026, opening at about ₦1,379.30/$1 in the Nigerian Foreign Exchange Market (NFEM), while also maintaining a similar level in the parallel market.

At the official window, trading began around the ₦1,379.30 per dollar mark, with early session movements showing a slight appreciation compared to last week’s closing figures.

During the morning session, the rate fluctuated between a high of ₦1,380.10 and a low of ₦1,378.70.

This calm performance comes after a stretch of mild instability recorded in late March, a period during which interventions by the Central Bank of Nigeria and improved interbank liquidity helped ease pressure on the market.

Financial experts say the current trend reflects a more balanced interaction between dollar demand and supply as economic activities in the second quarter begin to pick up pace.

In the parallel market, commonly referred to as the black market, the dollar exchanged at roughly ₦1,379.10, with buying and selling rates staying close to the official window.

The narrow difference between the official and unofficial markets continues to point to the impact of ongoing exchange rate unification efforts, which have reduced the arbitrage gaps that were previously more pronounced.

Traders and investors are now closely monitoring upcoming futures contracts and expected policy signals from the Central Bank of Nigeria, which are likely to influence the naira’s direction in the coming weeks.

For now, the local currency appears relatively stable, holding firm amid broader global economic pressures and shifting market dynamics.