Dollar to Naira Exchange Rate Today

Dollar to Naira Exchange Rate Today – April 5, 2026
Black market rate remains higher near ₦1,390 to ₦1,410
Forex gap reflects demand pressure and limited dollar supply

The naira continues to trade within a narrow range against the United States dollar across both the official and parallel foreign exchange markets as of Sunday, April 5, 2026, reflecting sustained demand pressure and limited dollar supply.

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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 ₦1,360 per dollar, maintaining relative stability compared to recent sessions where it hovered near ₦1,353 on average.

In the parallel market, also known as the black market, the exchange rate remains higher due to persistent demand. Traders across major cities are exchanging the dollar at an average of ₦1,390 for buying and ₦1,400 to ₦1,410 for selling.

Market Type	Buying Rate (₦/$)	Selling Rate (₦/$)
Official Market	1,350	1,360
Black Market	1,390	1,410

The gap between the official and black market rates continues to reflect underlying foreign exchange challenges, including limited liquidity and strong demand for imports, travel, and international payments.

Analysts note that while recent policy measures by the Central Bank of Nigeria have helped stabilize the official rate, the parallel market remains more responsive to real-time supply and demand dynamics.

The naira’s outlook in the coming days will depend on foreign inflows, crude oil earnings, and investor confidence. Any improvement in dollar liquidity could help narrow the spread between both markets, while sustained pressure may keep rates elevated.