Exchange rates today in Nigeria – The Nigerian foreign exchange market opened on Monday, April 20, 2026, with surprising movements.
Notably, the naira showed signs of strength against major currencies.
At the same time, the gap between the official and parallel market rates narrowed slightly.
As a result, traders are watching closely for the next direction.
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Exchange Rates Today in Nigeria – April 20, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,340 – ₦1,355 | ₦1,350 – ₦1,370 | ₦1,348 |
| Euro (EUR) | ₦1,480 – ₦1,510 | ₦1,600 – ₦1,640 | ₦1,590 |
| British Pound (GBP) | ₦1,760 – ₦1,800 | ₦1,900 – ₦1,940 | ₦1,880 |
| Chinese Yuan (CNY) | ₦185 – ₦190 | ₦192 – ₦198 | ₦188 |
| Japanese Yen (JPY) | ₦9.5 – ₦10.0 | ₦10.2 – ₦10.7 | ₦9.9 |
| Canadian Dollar (CAD) | ₦990 – ₦1,020 | ₦1,040 – ₦1,080 | ₦1,010 |
| Swiss Franc (CHF) | ₦1,470 – ₦1,500 | ₦1,550 – ₦1,600 | ₦1,520 |
| Saudi Riyal (SAR) | ₦355 – ₦365 | ₦365 – ₦375 | ₦360 |
| UAE Dirham (AED) | ₦360 – ₦370 | ₦370 – ₦380 | ₦365 |
What Is Driving the Market?
First, improved foreign exchange supply has helped stabilize the naira.
In addition, reduced speculation has lowered pressure in the parallel market.
However, demand for foreign currency remains high. Therefore, rates may still fluctuate during the week.
What This Means for Nigerians
For importers and travelers, the slight drop in the dollar rate offers temporary relief.
Meanwhile, businesses are monitoring trends before making major forex decisions.
Overall, market watchers expect cautious stability in the coming days.
Important Notice
Exchange rates change frequently. Therefore, always confirm rates with your bank or Bureau de Change before making transactions.
Stay with Sojworldnews for daily exchange rate updates, breaking business news, and economic insights.
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