Exchange rates in Nigeria Wednesday, April 8, 2026, the Nigerian foreign exchange market continues to show slight variations between the official and parallel market rates.
The naira remains relatively stable across major currencies despite ongoing demand in the foreign exchange market.
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Exchange rates in Nigeria April 8 2026: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,373 – ₦1,385 | ₦1,410 – ₦1,425 | ₦1,398 |
| Euro (EUR) | ₦1,490 – ₦1,505 | ₦1,620 – ₦1,650 | ₦1,635 |
| British Pound (GBP) | ₦1,760 – ₦1,785 | ₦1,900 – ₦1,940 | ₦1,920 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦195 – ₦200 | ₦197 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.2 | ₦10.5 – ₦10.9 | ₦10.7 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,030 | ₦1,060 – ₦1,090 | ₦1,075 |
| Swiss Franc (CHF) | ₦1,480 – ₦1,500 | ₦1,560 – ₦1,590 | ₦1,575 |
| Saudi Riyal (SAR) | ₦365 – ₦370 | ₦375 – ₦385 | ₦380 |
| UAE Dirham (AED) | ₦368 – ₦372 | ₦378 – ₦388 | ₦382 |
Market Notes
The official rate is regulated by the Central Bank of Nigeria and applies to banks and authorized dealers.
Meanwhile, the parallel market rate reflects Bureau de Change and street trading activities.
In addition, the mid-market rate represents the global benchmark used by international financial platforms.
Exchange rates may change during the day due to demand and supply. Therefore, readers should confirm rates before making foreign exchange transactions.
Sojworldnews will continue to provide daily updates on Nigeria’s foreign exchange market and economic developments.
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