Dollar to Naira Exchange Rate on April 18, 2026

On April 18th, 2026, the exchange rate for the dollar to naira was reported, highlighting a black market rate of 1,400 naira for one dollar. The previous day, April 17th, 2026, the swap rate was noted at 1,390 naira.

The article explicitly states that the parallel market, often referred to as the black market, is not acknowledged by official banking institutions in Nigeria. It is important for individuals engaging in currency exchange to approach banks for official rates, as the black market rates are not recognized in formal financial transactions.