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The dollar to naira exchange rate today, April 21, 2026, shows relative stability across Nigeria’s foreign exchange markets, with minor fluctuations between the official and parallel segments.
Data from the Nigerian Foreign Exchange Market (NFEM) indicates that the naira is trading at approximately ₦1,345.47 per dollar in early official market transactions.
Ejes Gist News reports that the local currency recorded a slight appreciation compared to the previous trading session, reflecting improved interbank liquidity and steady turnover levels.
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Official Market (NFEM / CBN Rate)
At the official window:
- Average rate: ₦1,345 – ₦1,347 per $1
- Recent Central Bank benchmark: around ₦1,349 per $1
- Trend: marginal strengthening of the naira
Additional data confirms the rate remains within the ₦1,345 range, aligning with global mid-market estimates for the day.
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Parallel Market (Black Market Rate)
In the parallel market, commonly referred to as the black market:
- Buying rate: about ₦1,390 per $1
- Selling rate: about ₦1,400 per $1
Other market trackers indicate trades around ₦1,420 per dollar in some locations, reflecting persistent demand pressure outside official channels.
Dollar to Naira Exchange Rate Today — April 20, 2026
Key Market Insights
- The exchange rate gap between official and parallel markets remains moderate but persistent.
- The naira has shown short-term resilience in the official window.
- Demand for foreign exchange continues to influence pricing in informal markets.
Recent Trend Analysis
- April 20, 2026: ₦1,347 per dollar (official market)
- April 21, 2026: ₦1,345 per dollar (official market)
This movement indicates a slight day-on-day appreciation of the naira within the regulated market segment.
What Drives the Dollar to Naira Rate
Currency analysts attribute current movements to:
- Central Bank liquidity interventions
- Foreign exchange supply from exporters and remittances
- Global dollar strength amid geopolitical developments
- Local demand from importers and businesses.
Dollar to Naira Exchange Rate Black Market (Aboki Rate) Today, April 1, 2026
The dollar to naira exchange rate remains a critical economic indicator, influencing inflation, import costs, and investment flows across Nigeria’s economy.
