The naira appreciated slightly against the U.S. dollar in early trading on Tuesday, April 14, 2026, supported by improved foreign exchange liquidity and sustained interventions by the Central Bank of Nigeria (CBN).
At the Nigerian Foreign Exchange Market (NFEM), the official trading window, the naira opened at approximately ₦1,358.20 per dollar, marking a marginal gain from Monday’s closing rate.
Early session figures showed the currency trading within a tight band, with a low of ₦1,357.31 and a high of ₦1,358.63, indicating relative stability in the market.
The calm movement reflects steady demand from banks and institutional investors meeting routine dollar needs.
In contrast, the parallel market, commonly referred to as the black market, remained more active, driven largely by demand from individuals and small-scale businesses.
Reports from bureau de change operators in Lagos, Abuja, and Kano, suggest that the dollar is currently selling between ₦1,465 and ₦1,490.
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Despite the persistent gap between the official and parallel markets, recent stability at the NFEM has helped curb sharp volatility in the informal segment.
Market analysts note that the naira’s trajectory remains closely tied to foreign exchange inflows and the global strength of the U.S. dollar, key factors that continue to influence overall market sentiment.
For many Nigerians, exchange rate movements go beyond financial markets, directly impacting the cost of imports and contributing to broader living expenses.
As of 7:00 a.m, trading remains steady, with investors closely monitoring developments throughout the day that could shape the closing rate.
