Currency News Today in Nigeria – The Nigerian foreign exchange market opened on Friday, April 17, 2026, with mild fluctuations across major currencies.
Although the naira remains under pressure, it continues to show signs of stability in the official market window.
Meanwhile, demand for foreign exchange persists in the parallel market. As a result, slight differences remain between official and black market rates.
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Currency News Today – Friday, April 17, 2026: Exchange Rates in Nigeria Today
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,390 – ₦1,405 | ₦1,420 – ₦1,445 | ₦1,400 |
| Euro (EUR) | ₦1,520 – ₦1,550 | ₦1,660 – ₦1,700 | ₦1,630 |
| British Pound (GBP) | ₦1,800 – ₦1,830 | ₦1,950 – ₦1,990 | ₦1,910 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦200 – ₦205 | ₦193 |
| Japanese Yen (JPY) | ₦10.0 – ₦10.4 | ₦10.8 – ₦11.2 | ₦10.6 |
| Canadian Dollar (CAD) | ₦1,020 – ₦1,050 | ₦1,080 – ₦1,110 | ₦1,040 |
| Swiss Franc (CHF) | ₦1,520 – ₦1,550 | ₦1,620 – ₦1,650 | ₦1,540 |
| Saudi Riyal (SAR) | ₦370 – ₦375 | ₦385 – ₦395 | ₦372 |
| UAE Dirham (AED) | ₦375 – ₦380 | ₦390 – ₦400 | ₦378 |
Market Analysis
First, the official exchange rate remains relatively controlled due to interventions in the Nigerian Foreign Exchange Market.
However, the parallel market continues to reflect real-time demand and supply pressures.
In addition, global economic trends and oil price movements continue to influence the value of the naira.
Therefore, traders and businesses are advised to monitor rates closely.
What to Expect
Experts expect moderate fluctuations in the coming days.
However, improved forex inflows could support further stability in the official market.
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