Exchange rates today Nigeria – The Nigerian naira traded with relative stability on Tuesday, April 28, 2026, as the foreign exchange market remained calm. Improved liquidity in the official market continued to support the local currency. In addition, the gap between the official and parallel market rates remained narrow.
At the official market, the naira held firm against the United States dollar. Meanwhile, activity in the parallel market showed only slight fluctuations. This trend reflects improved investor confidence and stronger foreign exchange inflows.
SEE ALSO: BREAKING: Mali’s Defence Minister Feared Dead as Coordinated Military Attacks Rock Nation
APC Explodes at Makinde Over ‘Operation Wetie’ Remark, Says He Is Unfit for Office
Currency News Today April 28 2026 in Nigeria: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,354 – ₦1,361 | ₦1,390 – ₦1,400 | ₦1,360 |
| Euro (EUR) | ₦1,580 – ₦1,600 | ₦1,620 – ₦1,650 | ₦1,593 |
| British Pound (GBP) | ₦1,825 – ₦1,845 | ₦1,870 – ₦1,900 | ₦1,840 |
| Chinese Yuan (CNY) | ₦186 – ₦190 | ₦192 – ₦196 | ₦188 |
| Japanese Yen (JPY) | ₦8.4 – ₦8.7 | ₦8.8 – ₦9.1 | ₦8.5 |
| Canadian Dollar (CAD) | ₦985 – ₦1,000 | ₦1,020 – ₦1,050 | ₦993 |
| Swiss Franc (CHF) | ₦1,710 – ₦1,735 | ₦1,760 – ₦1,790 | ₦1,730 |
| Saudi Riyal (SAR) | ₦360 – ₦365 | ₦370 – ₦375 | ₦363 |
| UAE Dirham (AED) | ₦368 – ₦373 | ₦378 – ₦385 | ₦370 |
Market Insight
The narrow spread between the official and parallel market rates is a positive sign for Nigeria’s foreign exchange market. It suggests better liquidity and improved confidence among investors and traders.
However, exchange rates may still fluctuate during the day due to changes in demand, supply, and global market conditions. Therefore, individuals and businesses should confirm rates before making major foreign exchange transactions.
Stay with Sojworldnews for daily exchange rate updates, business news, and economic analysis.
Leave a Reply