Advertisements
Latest Dollar to Naira Exchange Rate Today — April 27, 2026.
The Dollar to Naira exchange rate today, April 27, 2026, reflects ongoing movements across Nigeria’s official and parallel foreign exchange markets, with the naira maintaining a relatively narrow trading band observed in recent sessions.
Ejes Gist News reports that the exchange rate continues to show moderate stability compared to earlier volatility, as policy interventions and improved dollar supply influence pricing across official and informal segments.
Advertisements
Official Exchange Rate (CBN / NFEM)
At the Nigerian Foreign Exchange Market (NFEM), which serves as the official window regulated by the Central Bank of Nigeria (CBN), the naira is trading within the ₦1,350 to ₦1,355 per dollar range based on the most recent available data leading into April 27.
Recent trading sessions indicate:
Advertisements
- Opening/average rates around ₦1,345 – ₦1,350/$
- Relative stability within a narrow band across the week
- Continued efforts to align official and parallel market rates
Black Market (Parallel Market) Rate
In the Lagos parallel market, commonly referred to as the black market:
- Buying rate: approximately ₦1,390 per dollar
- Selling rate: approximately ₦1,400 per dollar
Market data shows that the parallel rate continues to trade at a premium above the official window, driven by retail demand and limited access to official foreign exchange channels.
Dollar to Naira Exchange Rate Summary (April 27, 2026)
- Official (CBN/NFEM): ₦1,350 – ₦1,355 per $1
- Black Market Buying Rate: ~₦1,390 per $1
- Black Market Selling Rate: ~₦1,400 per $1
Market Trends and Observations
Available data across the week indicates:
- The naira has remained relatively stable in the official market, with only marginal fluctuations.
- The gap between official and parallel market rates has narrowed, suggesting improved liquidity conditions.
- Demand pressures in the informal market continue to sustain a higher exchange rate compared to the official window.
Key Factors Influencing the Exchange Rate
Currency analysts attribute current movements to several structural and short-term factors:
- Central Bank foreign exchange interventions
- Supply inflows from exports and remittances
- Demand for import-related transactions
- Speculative activities in the parallel market
Dollar to Naira Exchange Rate Today — April 22, 2026
Important Notice on Exchange Rates
The Central Bank of Nigeria does not officially recognize the black market. Individuals and businesses seeking foreign exchange for legitimate transactions are advised to use authorized financial institutions and official channels.
