Dollar to Naira Exchange Rate Update for April 16, 2026

On April 16, 2026, the exchange rate for the dollar to naira in the black market is reported at 1,415 naira per dollar. The previous day's rate, on April 15, 2026, indicates a swap dollar to naira exchange rate of 1,395 naira.

The article emphasizes that the parallel market is not recognized by official sources and advises individuals wishing to engage in currency exchange to approach banks directly. This highlights the ongoing complexities and fluctuations in Nigeria's currency exchange landscape, particularly in the context of the black market, which operates outside of official financial regulations.