Naira Records Slight Gain as FX Market Remains Stable
The Nigerian Naira showed signs of mild recovery in early trading on Tuesday, April 14, 2026, as the foreign exchange market responded to improved liquidity and ongoing interventions by monetary authorities.
At the official window, the Nigerian Foreign Exchange Market (NFEM), the Naira opened at about ₦1,358.20 per dollar, reflecting a slight appreciation from the previous day. Early trading saw the currency move within a narrow range, hitting a low of ₦1,357.31 and a high of ₦1,358.63, an indication of relative stability in the market.
The parallel market, however, continued to trade at higher rates due to sustained demand for foreign currency. Across key commercial centres like Lagos, Abuja, and Kano, the dollar was exchanged between ₦1,465 and ₦1,490. Despite this gap, the steady performance at the official window appears to be limiting sharp volatility in the informal market.
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Dollar to Naira exchange rate today, April 13, 2026
Analysts say the Naira’s current movement is being shaped by a mix of foreign capital inflows and the broader strength of the US dollar in global markets. They also note that central bank efforts to manage liquidity are playing a key role in maintaining short-term stability.
For many Nigerians, exchange rate movements remain a major concern, as they directly influence the cost of imported goods, transportation, and general living expenses.
As trading continues through the day, market participants are watching closely for further shifts, particularly in the afternoon session, which often determines the final direction of the currency.
