The Nigerian naira maintained a steady position against the United States Dollar in early trading on Friday, April 10, 2026, across both official and informal markets.
At the Nigerian Foreign Exchange Market (NFEM), the currency opened at about N1,361.75 per Dollar, reflecting ongoing efforts by the Central Bank of Nigeria to manage liquidity and curb volatility. Early session data showed slight movement, with the Naira briefly strengthening to N1,360.75 before returning to N1,361.75.
In the parallel market, the Naira traded at a premium, with Bureau De Change operators in Lagos and Abuja quoting rates between N1,450 and N1,470, depending on transaction volume and location.
The gap between official and parallel rates remains a concern for investors and businesses. Analysts attribute the relative stability to sustained interventions and improved foreign exchange inflows, though demand for Dollars for travel, school fees, and imports continues to pressure the currency.
As of 6:45 AM WAT, traders remained cautious, watching closing rates for signals on the Naira’s direction ahead of mid-month trading.
