Dollar–Naira Exchange Rate Update For April 19, 2026

The exchange rate between the US dollar and the Nigerian naira at the parallel market, commonly referred to as the black market, remained a key focus for currency traders on April 18, 2026. According to Ireporter Online, Bureau De Change (BDC) operators in Lagos indicated that the dollar was sold at ₦1,400 and bought at ₦1,390 during trading activities on Saturday. These figures reflect the prevailing rates within the informal foreign exchange market, where many Nigerians turn due to limited access to official channels.

Reports further noted that the Central Bank of Nigeria continues to distance itself from the parallel market, reiterating that it does not recognize its operations. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct transactions through authorized financial institutions.

At the official market, data showed that the dollar traded within a range, with the highest rate recorded at ₦1,348 and the lowest at ₦1,340. However, market observers emphasized that exchange rates may vary slightly depending on location and transaction volume, as forex prices are largely influenced by demand and supply dynamics across different segments of the market.