Dollar To Naira Today (April 20, 2026): Exchange Rate Update

According to Ireporter Online, the Nigerian foreign exchange market continued to witness fluctuations as the naira traded against the United States dollar in the parallel market on Sunday, 19th April, 2026. Reports from Bureau De Change (BDC) operators in Lagos indicate that the dollar was exchanged at ₦1,400 for selling and ₦1,390 for buying in the black market, also known as the Aboki FX market.

Market observers noted that the Central Bank of Nigeria (CBN) does not officially recognize transactions conducted in the parallel market, maintaining that individuals seeking foreign exchange should access authorized commercial banks.

In contrast, official CBN figures showed a lower exchange band for the dollar, with rates ranging between ₦1,340 and ₦1,348. The disparity between the official and parallel market rates continues to reflect persistent pressure on Nigeria’s foreign exchange system, with traders and businesses often relying on the black market for faster access to forex.

Analysts caution that exchange rates may vary depending on location, demand, and dealer margins, emphasizing that rates captured at any given time may differ from those obtained during actual transactions.