- Dollar To Naira Exchange Rate Today, April 17th, 2026
- Official CBN rates ranged between ₦1340 and ₦1344.
- Exchange rate gap reflects ongoing forex supply and demand imbalance.
The exchange rate between the US Dollar and the Nigerian Naira remains a key concern for businesses and individuals amid ongoing economic adjustments.
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EKO HOT BLOG reports that as of today, April 17, 2026, rates across both the parallel market and the official window show a noticeable gap, reflecting continued pressure on the local currency.
In the black market, also known as the parallel market, the Naira traded weaker against the Dollar, with traders citing sustained demand for foreign exchange and limited supply as major factors influencing pricing.
Below is a breakdown of the latest exchange rates:
| Dollar to Naira (USD to NGN) | Black Market Rate |
|---|---|
| Buying Rate | ₦1390 |
| Selling Rate | ₦1400 |
At the official window, the Central Bank of Nigeria maintained relatively stable rates, although still significantly lower than the parallel market figures.
| Dollar to Naira (USD to NGN) | CBN Rate |
|---|---|
| Highest Rate | ₦1344 |
| Lowest Rate | ₦1340 |
The disparity between the official and black market rates continues to highlight foreign exchange challenges in Nigeria. Analysts say the gap is driven by high demand for dollars for importation, travel, and international payments, alongside limited inflows into the official market.
Market watchers expect fluctuations to persist in the short term, depending on policy direction, external reserves, and inflow of foreign capital into the economy.
