Nigeria Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 14 April 2026

Key points:

Official CBN (NAFEX) Rate: ₦1,356.19 / USD
Black-Market Rate: ₦1,385 / USD
Drivers: Strong interbank turnover surged to $114.9 million across 141 deals (up from $71.2 million); CBN pledged to stabilize the Naira through high-yield short-term debt to attract dollar inflows; FX inflows moderated to $571.8 million from $1.06 billion, indicating tighter supply conditions.
Top Tools: CBN Forex Portal, Aboki Fx

The Naira opened the week on a positive note, gaining 70 Kobo to close at ₦1,356.19/$ in the official market. Interbank activity surged significantly, with turnover rising to $114.9 million, indicating robust market participation despite a moderation in overall FX inflows from $1.06 billion to $571.8 million.

FAQ

• What's the gap between CBN & black-market rates? The premium remains steady at approximately ₦28.81, with the parallel market holding firm at ₦1,385/$ while the official market recorded a marginal gain.
• Will the naira strengthen further? The surge in interbank turnover, up from $71.2 million to $114.9 million across 141 deals, suggests improved market activity that could support further gains. The CBN's strategy of using high-yield short-term debt to attract dollar inflows continues to provide support, though tighter FX supply conditions (with inflows declining from $1.06 billion) may temper the pace of appreciation.
• How do oil prices affect rates? Oil prices declined back below $100 per barrel following failed US-Iran negotiations, yet risk assets, including cryptocurrencies, rallied. This divergence suggests that the Naira's strength is currently more influenced by domestic market efficiency improvements and CBN policy tools rather than crude price movements alone.