Exchange rates today April 10 2026 Nigeria – The Nigerian naira recorded mixed performance in the foreign exchange market on Friday, April 10, 2026, as the dollar traded around ₦1,408 in the parallel market while the official rate remained relatively stable.
Exchange Rates Table Nigeria– April 10, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,371 – ₦1,385 | ₦1,388 – ₦1,408 | ₦1,380 |
| Euro (EUR) | ₦1,510 – ₦1,530 | ₦1,650 – ₦1,690 | ₦1,620 |
| British Pound (GBP) | ₦1,790 – ₦1,820 | ₦1,930 – ₦1,970 | ₦1,900 |
| Chinese Yuan (CNY) | ₦188 – ₦193 | ₦195 – ₦200 | ₦191 |
| Japanese Yen (JPY) | ₦9.8 – ₦10.2 | ₦10.5 – ₦10.9 | ₦10.1 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,040 | ₦1,070 – ₦1,100 | ₦1,030 |
| Swiss Franc (CHF) | ₦1,510 – ₦1,540 | ₦1,600 – ₦1,630 | ₦1,525 |
| Saudi Riyal (SAR) | ₦365 – ₦372 | ₦375 – ₦385 | ₦368 |
| UAE Dirham (AED) | ₦370 – ₦376 | ₦380 – ₦390 | ₦373 |
Exchange rates today April 10 2026 Nigeria: Naira Stability Continues
Recent developments suggest that the naira is gradually stabilising due to improved liquidity in the Nigerian Foreign Exchange Market (NFEM). In addition, reduced speculative demand for dollars has helped maintain a narrow gap between official and parallel market rates.
Furthermore, analysts believe consistent Central Bank policies and improved foreign inflows could strengthen the currency in the coming weeks.
Key Factors Affecting the Currency
- Foreign exchange liquidity in the official market
- Importers’ demand for dollars
- Central Bank monetary policy
- Global oil prices and foreign inflows
- Parallel market activity
Therefore, daily fluctuations remain expected in the Nigerian foreign exchange market.
Outlook for the Naira
Economic experts expect the naira to trade between ₦1,360 and ₦1,420 per dollar in the short term. However, sustained foreign investment and stable oil earnings could further improve market confidence.
Conclusion
Overall, the Nigerian currency remains relatively stable despite global economic pressure. The narrowing gap between official and parallel market rates suggests growing confidence in the foreign exchange market.
Sojworldnews will continue to provide daily currency updates and economic news to keep readers informed.
Leave a Reply