Nigeria exchange rates Nigeria – The Nigerian naira traded relatively steady on Monday, April 27, 2026, across the official and parallel foreign exchange markets. While the official market remained stable, the parallel market continued to reflect strong demand for major foreign currencies, especially the US dollar, British pound, and euro.
As a result, traders and businesses are closely monitoring exchange rate movements before making foreign exchange transactions.
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Nigeria News Today April 27 2026: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,358.44 | ₦1,390 – ₦1,400 | ₦1,351.84 |
| Euro (EUR) | ₦1,590.73 | ₦1,610 – ₦1,630 | ₦1,585 |
| British Pound (GBP) | ₦1,834.02 | ₦1,860 – ₦1,880 | ₦1,845 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦180 – ₦200 | ₦190 |
| Japanese Yen (JPY) | ₦8.52 | ₦9.0 – ₦10.0 | ₦8.7 |
| Canadian Dollar (CAD) | ₦1,015 – ₦1,030 | ₦1,000 – ₦1,100 | ₦1,020 |
| Swiss Franc (CHF) | ₦1,727.19 | ₦1,760 – ₦1,800 | ₦1,740 |
| Saudi Riyal (SAR) | ₦362 – ₦368 | ₦370 – ₦380 | ₦365 |
| UAE Dirham (AED) | ₦370 – ₦375 | ₦350 – ₦370 | ₦372 |
Market Highlights
The naira remained largely stable in the official market, supported by improved foreign exchange liquidity. However, the gap between the official and parallel market rates persisted, reflecting sustained demand pressure in the informal market.
For instance, the US dollar traded at around ₦1,390 in the parallel market, while the official rate remained close to ₦1,358. Consequently, the relatively narrow spread suggests improved market efficiency compared with previous months.
What These Rates Mean
The official exchange rate is regulated by the Central Bank of Nigeria and applies to transactions through authorized dealers and financial institutions.
In contrast, the parallel market rate is determined by demand and supply among Bureau de Change operators and informal traders.
Meanwhile, the mid-market rate serves as a global benchmark for international transactions. It does not include local premiums or transaction charges.
Therefore, actual exchange rates may vary depending on transaction size, location, and prevailing market conditions.
Stay with Sojworldnews for daily exchange rate updates, business news, and expert economic analysis.
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