- Dollar To Naira Exchange Rate Today, April 1st, 2026
- CBN official rate ranges between ₦1385 and ₦1388.
- Exchange gap continues to pressure Nigeria’s economy and inflation.
The exchange rate between the United States Dollar and the Nigerian Naira remained under pressure on April 1, 2026, as disparities between the official and parallel markets persisted.
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EKO HOT BLOG reports that the naira continues to face volatility driven by foreign exchange demand and limited supply across the market.
In the black market, also known as the parallel market, the naira traded at ₦1430 per dollar for selling and ₦1410 per dollar for buying, reflecting sustained pressure on the local currency outside official channels.
| Dollar to Naira Black Market Rate Today | |
|---|---|
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦1430 |
| Buying Rate | ₦1410 |
| Dollar to Naira CBN Rate Today | |
|---|---|
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1388 |
| Lowest Rate | ₦1385 |
At the official market, data from the Central Bank of Nigeria showed the naira trading within a narrower range, indicating a relatively stronger position compared to the parallel market. However, the gap between both markets continues to raise concerns among economic observers.
The persistent difference between official and black market rates remains a key factor influencing inflation, import costs, and overall economic stability. Experts maintain that improving foreign exchange liquidity and restoring investor confidence are critical steps toward stabilising the naira in the long term.
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