Nigeria Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 13 April 2026

Key points:

Official CBN (NAFEX) Rate: ₦1,356.89 / USD
Black-Market Rate: ₦1,385 / USD
Drivers: Extended Naira appreciation streak with improved market liquidity; FX market operating with greater efficiency and reduced extraordinary CBN interventions; External reserves fell for 16 consecutive days through April 8, declining by $1.1 billion to $48.94 billion (lowest since February 19).
Top Tools: CBN Forex Portal, Aboki Fx


The Naira extended its gaining streak on Friday, appreciating 0.18% to close at ₦1,356.89/$ in the official market, while the parallel market strengthened by ₦5 to ₦1,385/$. Remarkably, the Nigerian currency is one of only four African currencies that have remained resilient and recovered losses following the outbreak of the Iran war.

FAQ

• What's the gap between CBN & black-market rates? The premium stands at approximately ₦28.11, representing a continued narrowing of the spread as both markets strengthen in tandem.
• Will the naira strengthen further? The FX market is now operating with greater liquidity and efficiency, allowing participants to transact without extraordinary CBN interventions. The Naira has shown remarkable resilience, being one of only four African currencies that have not only recovered from initial war-related losses but remain standing. The CBN continues to boost sales of high-yield short-term debt to attract dollar inflows.
• How do oil prices affect rates? Despite external reserves declining for 16 consecutive days (a $1.1 billion drop to $48.94 billion), the Naira has appreciated. This suggests that improved market confidence and efficiency, rather than reserve levels alone, are driving current strength. The CBN's strategy of attracting inflows through high-yield debt instruments is offsetting the reserve drawdown.