Check out the Dollar-to-Naira exchange rate today.

The Nigerian currency, the Nigerian Naira, started the new trading week on Monday, April 13, 2026, with slight changes against the United States Dollar across both official and informal markets.

At the official Nigerian Foreign Exchange Market (NFEM), the Naira opened at about N1,358.84 per dollar. Although it experienced minor fluctuations early in the day, reaching around N1,362.08, it later stabilized close to its opening rate.

This relative stability has been linked to efforts by the Central Bank of Nigeria to manage liquidity and maintain control over the financial system.

However, in the parallel market, also known as the black market, the dollar traded at higher rates due to continued demand. In major cities like Lagos, Kano, and Abuja, exchange rates ranged between N1,460 and N1,485 per dollar.

Financial analysts have raised concerns about the wide gap between official and informal market rates, noting that closing this gap will depend on future government policies and economic developments.

Market sentiment remains cautious, influenced by global factors such as rising oil prices and tensions in key international regions. Experts say the exchange rate will likely remain within its current range for now, as it continues to play an important role in determining the cost of goods and services in Nigeria.