BREAKING: Naira Holds Shaky Stability as Dollar Rate Sparks Fresh Concerns Today

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Currency News Today Nigeria – The Nigerian foreign exchange market remained relatively calm on Sunday, April 26, 2026, as trading activity stayed closed for the weekend. However, exchange rate movements are expected to follow Friday’s closing levels when markets reopen.

Analysts say the naira continues to trade within a narrow range due to steady dollar demand and moderate forex inflows.

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Currency News Today Nigeria: Exchange Rates Table – April 26, 2026

CurrencyOfficial Market Rate (₦)Parallel / Black Market Rate (₦)Mid-Market / Indicative Rate (₦)
US Dollar (USD)₦1,380 – ₦1,392₦1,395 – ₦1,410₦1,388
Euro (EUR)₦1,500 – ₦1,530₦1,650 – ₦1,690₦1,610
British Pound (GBP)₦1,780 – ₦1,820₦1,920 – ₦1,970₦1,895
Chinese Yuan (CNY)₦188 – ₦193₦195 – ₦201₦190
Japanese Yen (JPY)₦9.8 – ₦10.3₦10.5 – ₦11.0₦10.1
Canadian Dollar (CAD)₦1,010 – ₦1,040₦1,060 – ₦1,100₦1,025
Swiss Franc (CHF)₦1,500 – ₦1,540₦1,600 – ₦1,640₦1,520
Saudi Riyal (SAR)₦365 – ₦372₦378 – ₦386₦370
UAE Dirham (AED)₦370 – ₦378₦385 – ₦395₦375

Market Overview

The U.S. dollar remains the dominant reference currency in Nigeria’s foreign exchange market. While the official market remains relatively stable, the parallel market continues to reflect higher demand pressure.

Because it is a weekend, trading activity is limited. However, rates are expected to open on Monday within a similar range unless there is a major policy or liquidity change.

Overall, the naira continues to show mild stability, supported by moderate forex inflows and controlled demand pressure.

Key Takeaway

The naira remains stable but slightly pressured. Market participants are watching closely for movement when trading resumes.

Stay with Sojworldnews for daily currency updates and financial news.

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