Currency News Today – The Nigerian foreign exchange market opened on Tuesday, April 21, 2026, with mixed movements across major global currencies. While the naira showed stability in the official market, pressure remained in the parallel market due to strong demand for foreign exchange.
SEE ALSO: SHOCKING: Angry Women Storm Streets, Destroy Military Checkpoint Over Killings In Plateau
Shock In Ekiti As Police Probe Mysterious Death Of Three In Hotel Room
Currency News Today: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,385 – ₦1,395 | ₦1,405 – ₦1,420 | ₦1,410 |
| Euro (EUR) | ₦1,610 – ₦1,640 | ₦1,690 – ₦1,720 | ₦1,650 |
| British Pound (GBP) | ₦1,890 – ₦1,930 | ₦1,980 – ₦2,020 | ₦1,960 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦200 – ₦205 | ₦198 |
| Japanese Yen (JPY) | ₦10.0 – ₦10.4 | ₦10.7 – ₦11.1 | ₦10.5 |
| Canadian Dollar (CAD) | ₦1,020 – ₦1,050 | ₦1,090 – ₦1,120 | ₦1,070 |
| Swiss Franc (CHF) | ₦1,520 – ₦1,560 | ₦1,620 – ₦1,650 | ₦1,590 |
| Saudi Riyal (SAR) | ₦368 – ₦372 | ₦385 – ₦392 | ₦380 |
| UAE Dirham (AED) | ₦372 – ₦377 | ₦390 – ₦395 | ₦385 |
Market Overview
The official exchange rate remains relatively stable, supported by Central Bank interventions and improved FX inflows.
However, the parallel market continues to trade higher due to strong demand from importers, travelers, and businesses seeking quick access to foreign currency.
The mid-market rate remains a global benchmark used by international platforms and excludes local trading premiums.
What This Means
✔ The naira remains under mild pressure in the black market.
✔ Official rates show controlled stability.
✔ FX demand still outweighs supply in key markets.
✔ Traders should monitor rates frequently before transactions.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic insights.
Leave a Reply