The Naira maintained a relatively stable position against the United States Dollar in the early hours of Tuesday, April 7, 2026, across both the official and informal foreign exchange markets.

As of Tuesday morning, the exchange rate at the Nigerian Foreign Exchange Market (NFEM) opened at approximately 1,379.30 per dollar. Data from the official window shows a slight appreciation compared to the closing rates observed last week, with the market currently fluctuating between a high of 1,380.10 and a low of 1,378.70 during the early trading session.

This stability follows a period of mild volatility in late March, where the Central Bank of Nigeria’s interventions and adjusted interbank turnover helped bridge the liquidity gap. Financial analysts suggest that the current rate reflects a balanced demand-supply dynamic as the second quarter of the year gains momentum.

In the parallel market, popularly known as the black market, the dollar is trading within a similar range, hovering around 1,379.10 for those looking to buy or sell. The narrow gap between the official and parallel market rates continues to highlight the success of ongoing exchange rate unification policies, which have significantly reduced the arbitrage opportunities that previously plagued the market.

Market participants are keeping a close watch on upcoming futures contracts and central bank policy statements later this month, which are expected to dictate the Naira’s trajectory through the mid-year period. For now, the Nigerian currency remains resilient, holding its ground amidst global economic shifts.