The Nigerian naira opened the new trading week on a relatively stable note, showing slight fluctuations against the United States dollar on Monday, April 13, 2026, across different segments of the foreign exchange market.
At the official window, the Nigerian Foreign Exchange Market (NFEM), the naira traded at about N1,358.84 to the dollar at the start of the session. Early trading saw mild volatility, with the rate briefly climbing to around N1,362.08 before settling back close to its opening level. This movement reflects a continued effort by the Central Bank of Nigeria to maintain stability through careful liquidity management in the banking system.
In contrast, the parallel market recorded higher exchange rates, driven by sustained demand for dollars among individuals and small businesses. Reports from major commercial hubs such as Lagos, Kano, and Abuja indicate that the dollar traded between N1,460 and N1,485. The gap between the official and black market rates remains a concern for analysts, who are monitoring developments for signs of possible convergence as economic policies evolve.
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Market sentiment remains cautious, with investors awaiting fresh economic data and any potential policy moves by monetary authorities. For many Nigerians, exchange rate movements continue to have a direct impact on the cost of imported goods and services, making the naira’s performance a key factor in daily financial planning.
As of early morning trading, the market appears relatively calm, with experts predicting that the naira will likely trade within a similar range throughout the day.
