The Nigerian currency, the naira, appreciated against the United States dollar in the official foreign exchange market, reaching N1,355.25/$ on Friday, April 10.
Data published by the Central Bank of Nigeria (CBN) showed that Friday’s closing rate, which is its strongest level in recent sessions, represents an improvement from the pre-Easter rate of N1,382.75/$ recorded on Thursday, April 2, 2026.
The foriegn exchange markets was opened for 4 days and started the week on Tuesday with a closing rate of N1,389/$, before appreciating to N1,369/$ on Wednesday.
It further strengthened to N1,365/$ on Thursday and closed at N1,355.25/$ on Friday.
On a year-on-year basis, the naira has strengthened significantly from N1,606/$ recorded after Easter in April 2025.
Here are the latest rates as published by CBN
UAE Dirham: N369.31
WAUA: N1,878.34
US Dollar: N1,356.89
Pound Sterling: N1,828.82
Swiss Franc: N1,726.76
SDR: N1,856.39
South African Rand: N83.03
Riyal: N361.58
Japanese Yen: N8.53
Euro: N1,592.58
Danish Krona: N213.11
Yuan (Renminbi): N198.72
CFA: N2.45
Naira in the black market
In the parrerl market also known as the black market, Legit spoke to several Bureau de Change operators, who confirmed that the value of the dollar dropped.
Abudullahi, one of the BDC traders gave the latest exchange rates as follow: “We bought the dollar at the last trading at the rate is N1,391, while the selling exchange rate is N1,402.
Previously, the dollar traded at higher levels. Similarly, the euro buys at N1,597 and sells at N1,612. The British pound sterling is buying at N1,850, with a selling rate of N1,865. The naira is appreciating.”
