- Dollar To Naira Rate Today April 6 2026
- Official rate hovered near ₦1355 amid continued forex market pressure.
- Gap between markets reflects demand pressure and limited dollar supply.
The naira traded against the US dollar with slight variations across official and parallel markets on April 6, 2026, reflecting continued pressure on Nigeria’s foreign exchange system amid demand for dollars.
EDITOR’S PICKS
- Teenagers Attempt Bomb Attack At Maiduguri Teaching Hospital
- APC Elects New National Executives, Full List Emerges
- Why I Resigned As Kano Deputy Governor – Gwarzo
EKO HOT BLOG reports that at the parallel market, also known as the black market, the naira exchanged at an average of ₦1,400 per dollar, with buying rates around ₦1,400 and selling rates reaching ₦1,410. This rate remains higher than the official window due to limited dollar supply and strong demand from importers, travellers, and businesses.
Below is a breakdown of the dollar to naira exchange rate for today:
| Market | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market | 1,400 | 1,410 |
| Official Market (NFEM) | ~1,355 | ~1,370 |
At the official market, data indicates that the naira traded within the ₦1,350 to ₦1,370 range per dollar in recent sessions, with an average rate around ₦1,355. The Central Bank of Nigeria continues to manage supply through regulated channels, contributing to the gap between official and parallel rates.
A comparison of both markets shows a difference of over ₦40 per dollar, highlighting ongoing liquidity challenges in the official window and sustained reliance on the parallel market.
Here is a quick conversion table based on the black market rate:
| Dollar ($) | Naira (₦) |
|---|---|
| 1 | 1,400 |
| 10 | 14,000 |
| 50 | 70,000 |
| 100 | 140,000 |
| 500 | 700,000 |
| 1,000 | 1,400,000 |
Analysts say the exchange rate continues to be influenced by demand for foreign currency, import dependency, and limited inflows into the official market.
Despite ongoing interventions, the naira remains under pressure, with market watchers expecting continued fluctuations in the coming days.
