- Dollar To Naira Exchange Rate Today, April 23rd, 2026
- Official rate remains lower at about ₦1345 to ₦1350
- Forex gap persists due to demand and limited supply
The exchange rate between the US dollar and the Nigerian naira remained relatively stable in the parallel market, with only slight fluctuations observed compared to previous days.
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EKO HOT BLOG reports that data from currency traders shows that the black market continues to trade within the ₦1,390 to ₦1,400 range, reflecting steady demand and supply dynamics.
At the Lagos parallel market, also known as the black market, the dollar is being sold at about ₦1,400 and bought at around ₦1,390. This aligns with recent trends recorded earlier in the week, where the naira traded within a similar band.
The Central Bank of Nigeria, however, maintains a lower official exchange rate, as transactions within the Nigerian Foreign Exchange Market continue to reflect a narrower band compared to the parallel market.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1390
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1350
Lowest Rate ₦1345
The gap between the official and black market rates persists, largely due to limited foreign exchange supply through official channels and sustained demand from individuals and businesses. Reports indicate that the official market rate has hovered around ₦1,345 to ₦1,350 in recent trading sessions.
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