Exchange rates today in Nigeria – The Nigerian foreign exchange market opened on Thursday, April 16, 2026, with the naira showing relative stability against major global currencies.
However, slight fluctuations persist across the official and parallel markets. As a result, traders and businesses continue to monitor liquidity and demand closely.
Meanwhile, the gap between the official and black market rates remains narrow compared to previous months. This trend suggests improved supply in the official window.
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Exchange rates today April 16 2026 Nigeria – Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,385 – ₦1,395 | ₦1,400 – ₦1,420 | ₦1,390 |
| Euro (EUR) | ₦1,520 – ₦1,540 | ₦1,660 – ₦1,700 | ₦1,635 |
| British Pound (GBP) | ₦1,800 – ₦1,830 | ₦1,940 – ₦1,980 | ₦1,910 |
| Chinese Yuan (CNY) | ₦190 – ₦195 | ₦198 – ₦205 | ₦193 |
| Japanese Yen (JPY) | ₦9.9 – ₦10.3 | ₦10.6 – ₦11.0 | ₦10.2 |
| Canadian Dollar (CAD) | ₦1,010 – ₦1,040 | ₦1,070 – ₦1,100 | ₦1,030 |
| Swiss Franc (CHF) | ₦1,520 – ₦1,550 | ₦1,610 – ₦1,650 | ₦1,540 |
| Saudi Riyal (SAR) | ₦368 – ₦372 | ₦378 – ₦388 | ₦370 |
| UAE Dirham (AED) | ₦372 – ₦378 | ₦382 – ₦392 | ₦375 |
Market Insight
The official market rate reflects transactions regulated by the Central Bank of Nigeria. In contrast, the parallel market rate captures the reality of Bureau de Change and street trading across major cities.
Meanwhile, the mid-market rate serves as a global benchmark. It does not include local transaction costs or scarcity premiums.
Outlook for the Naira
Looking ahead, analysts expect the naira to remain relatively stable in the short term. However, this outlook depends on foreign exchange inflows, oil revenue performance, and Central Bank policies.
Therefore, traders should stay cautious, as exchange rates may change during the day.
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