The Nigerian Naira recorded a modest recovery in early trading on Tuesday, April 14, 2026, as the foreign exchange market responded to mid-month liquidity adjustments and continued interventions by the central bank.
At the Nigerian Foreign Exchange Market (NFEM), the official window for currency transactions, the Naira opened at approximately ₦1,358.20 per dollar. Real-time data indicated a slight appreciation compared to the previous day’s closing rate. Within the first few hours of trading, the currency moved between a low of ₦1,357.31 and a high of ₦1,358.63, suggesting relative stability as commercial banks and institutional investors met their daily demands.
In the parallel market, commonly known as the black market, the exchange rate remained higher due to sustained demand for the dollar among retail users and small businesses. Reports from Bureau De Change operators in key commercial centres such as Lagos, Abuja, and Kano showed the dollar trading between ₦1,465 and ₦1,490. Although the gap between the official and informal markets persists, recent stability in the NFEM has helped limit sharp fluctuations in the parallel segment.
Market analysts attribute the Naira’s current performance largely to foreign capital inflows and the global strength of the United States dollar. For many households and businesses in Nigeria, exchange rate stability remains crucial, as it directly affects the cost of imports and overall inflation.
As of 7:00 AM WAT, trading activity remained steady, with market participants closely monitoring afternoon sessions, which typically shape the day’s closing trend.