- Dollar to Naira Rate Today – April 10, 2026
- Black market dollar rate stands near ₦1,420 today
- Exchange rate gap persists amid strong forex demand
The exchange rate between the US Dollar and the Nigerian Naira remained relatively stable on Friday, April 10, 2026, across both the official and parallel markets, reflecting ongoing demand pressure and moderate supply within the foreign exchange system.
At the official market, data from the Central Bank of Nigeria indicates that the naira is trading around ₦1,390 to ₦1,400 per dollar, based on recent averages in the Nigerian Foreign Exchange Market.
| Market Type | Buying Rate | Selling Rate |
|---|---|---|
| Official Market | ₦1,380 | ₦1,400 |
| Black Market | ₦1,405 | ₦1,420 |
In the parallel market, also known as the black market, the naira is trading at approximately ₦1,405 to buy and ₦1,420 to sell a dollar, depending on location and dealer rates.
The slight gap between the official and black market rates continues to highlight the persistent demand for foreign exchange outside the regulated banking system. Analysts note that the pressure on the naira is driven by factors such as import demand, limited dollar supply, and ongoing economic adjustments.
Despite these challenges, the currency has shown relative stability in recent weeks, fluctuating within the ₦1,350 to ₦1,420 range across markets.
The Central Bank maintains that official channels remain the only recognised platform for foreign exchange transactions, while parallel market rates are largely influenced by market forces and informal trading activities.
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