- Dollar To Naira Rate Today – 7 April 2026
- Black market rate remains higher due to forex demand pressure
- Analysts expect short term stability amid ongoing liquidity interventions
The exchange rate between the US Dollar and the Nigerian Naira remained relatively stable on Tuesday, April 7, 2026, across both the official and parallel markets, with slight variations reflecting ongoing demand and supply pressures.
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EKO HOT BLOG reports that at the official market, data from the Nigerian Foreign Exchange Market indicates that the naira is trading around ₦1,350 to ₦1,380 per dollar, maintaining a steady position seen in recent weeks.
Dollar to Naira Exchange Rate Today
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Official Market (CBN) | ₦1,350 | ₦1,380 |
| Black Market (Parallel Market) | ₦1,400 | ₦1,410 |
In the parallel market, also known as the black market, the naira trades at a higher rate due to limited access to foreign exchange through official channels. Bureau de change operators in major cities are buying dollars at around ₦1,400 and selling at about ₦1,410.
The gap between the official and black market rates continues to reflect pressure on Nigeria’s foreign exchange supply, as individuals and businesses turn to alternative markets to meet dollar demand.
Analysts say the relative stability in recent days is linked to Central Bank interventions and improved liquidity in the official window. However, demand for foreign currency remains high, particularly for imports, travel, and international payments.
Market watchers expect the naira to remain within this range in the short term, barring any major policy changes or external economic shocks.
