Naira Steady Against Dollar on April 10, 2026

On April 10, 2026, the Nigerian naira exhibited stability against the US dollar, trading at approximately N1,361.75 per dollar in the official foreign exchange market. This rate reflects ongoing efforts by the Central Bank of Nigeria to manage liquidity and reduce volatility.

During early trading, the naira briefly reached a high of N1,360.75 before stabilizing back to N1,361.75. In the parallel market, commonly referred to as the black market, the naira traded at a slight premium compared to the official rate, with the dollar being bought and sold within the range of N1,450 to N1,470, depending on transaction volume and specific location.

Analysts suggest that the current stability is a result of consistent interventions and improved foreign exchange inflows. However, demand for dollars for personal travel, school fees, and import bills continues to exert pressure on the local currency.

Market sentiment remains cautious as traders closely monitor the exchange rate as the week progresses.