The naira maintained relative stability against the dollar on Thursday, April 30, 2026, showing minimal fluctuations across both official and parallel market segments.
At the official window, the naira traded at approximately ₦1,375.07 per dollar, reflecting only a slight improvement from the previous session.
Activity at the Nigerian Foreign Exchange Market remained calm, with steady liquidity helping to absorb ongoing demand from importers and businesses requiring foreign exchange.
The Central Bank of Nigeria (CBN) continued to play a stabilizing role, ensuring adequate supply and guiding exchange rate movements to prevent sharp volatility.
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In the parallel (black) market, the naira mirrored this stability, with the dollar exchanging between ₦1,380 and ₦1,390 in major commercial hubs such as Lagos, Abuja, and Kano.
The narrow gap between official and street rates signals improved balance in foreign exchange availability.
Market analysts note that current trends reflect cautious optimism, as key economic factors, including oil prices and inflation,continue to influence currency performance.
If no major policy shifts or external shocks occur, the naira is expected to trade within this range in the near term.
