Nigeria Today's Dollar to Naira Rate: Dollar to Naira Snapshot Rate for 30 April 2026

Key points:
Official CBN (NAFEX) Rate: N1,379.46 per US Dollar
Black-Market Rate: N1,390 per US Dollar

Drivers: Sharp increase in NFEM interbank turnover to $249.9 million across 180 deals; Improved market liquidity and growing investor confidence; Tighter bid-ask spreads across all foreign exchange deals; Market functioning more independently.

Top Tools: CBN Forex Portal, Aboki FX

Your Daily Rate Fix
The Naira tamed building pressure at the official market on Wednesday, gaining 0.1 percent to close at N1,379.46 per dollar. This improvement was driven by a sharp surge in interbank turnover to $249.9 million across 180 deals, reflecting enhanced liquidity and greater market confidence. The parallel market remained stable at N1,390 per dollar.

FAQ
What is the gap between CBN and black market rates?

The premium stands at approximately N10.58. The parallel market held steady at N1,390 while the official market appreciated slightly, resulting in a narrowed spread.

Will the naira strengthen further?

Improved liquidity and growing investor confidence are now allowing the market to function more independently. The sharp increase in interbank turnover to $249.9 million suggests that market activity is robust, which could support further stability or modest gains in the near term.

How do oil prices affect rates?

Brent crude surged to a four-year intraday high on renewed fears of US military escalation against Iran, reflecting a growing war premium tied to the effective shutdown of the Strait of Hormuz. While higher oil prices typically benefit Nigeria's external reserves, the current focus remains on domestic liquidity conditions and interbank market activity.