Dollar to Naira Rate Today

Dollar to Naira Rate Today – April 11, 2026
Black market dollar rate stands near ₦1,430 today
Exchange rate gap persists amid steady forex demand

The exchange rate between the United States Dollar and the Nigerian Naira remained relatively stable on Saturday, April 11, 2026, across both the official and parallel markets, as demand for foreign exchange continues to shape market movements.

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EKO HOT BLOG reports that at the official window, figures from the Central Bank of Nigeria indicate that the naira is trading within the ₦1,390 to ₦1,405 range against the dollar, reflecting slight fluctuations driven by supply conditions and ongoing monetary policies.

Market Type	Buying Rate	Selling Rate
Official Market	₦1,385	₦1,405
Black Market	₦1,410	₦1,430

In the parallel market, also known as the black market, the naira is trading at around ₦1,410 for buying and ₦1,430 for selling, depending on location and dealer rates. The gap between the official and unofficial markets continues to highlight the persistent pressure on the local currency.

Analysts attribute the current rate stability to improved liquidity in the official market and efforts by the Central Bank to manage volatility. However, demand for foreign exchange for imports, travel, and business transactions remains high.

Despite these pressures, the naira has maintained a relatively steady range in recent weeks, suggesting cautious optimism among market participants. Experts note that sustained policy reforms and increased dollar inflows will be key to achieving long term stability.

The Central Bank has continued to emphasise the use of official channels for foreign exchange transactions, warning against reliance on unregulated markets.