Currency Watch: Naira shows stability across official window

The Nigerian naira showed a slight improvement in value in early trading on Tuesday, April 14, 2026. This change was influenced by market liquidity and actions by the Central Bank.

In the Nigerian Foreign Exchange Market (NFEM), which is the official market, the naira opened at about ₦1,358.20 per dollar.

This is a small increase compared to the previous day. During the early hours, the exchange rate moved between ₦1,357.31 and ₦1,358.63, showing that the market was relatively stable as banks and investors carried out their transactions.

In the parallel market (also known as the black market), the dollar was sold at higher rates. Reports from Bureau De Change operators in cities like Lagos, Abuja, and Kano show that the dollar is currently trading between ₦1,465 and ₦1,490.

The difference between the official and black market rates still exists, but stability in the official market has helped reduce sharp increases in the parallel market.

Experts say the naira’s performance is affected by foreign investments coming into the country and the strength of the U.S. dollar globally. For many Nigerians, the exchange rate is very important because it affects the cost of imported goods and overall prices.

As of 7:00 AM WAT, trading activity remained steady, and market participants were watching closely to see how rates would change later in the day.