USD To Naira Exchange Rate For April 3, 2026

The exchange rate between the United States dollar and the Nigerian naira at the parallel market, commonly referred to as the black market, stood at notable levels on April 2, 2026. According to Ireporter Online, currency traders in Lagos indicated that the dollar was sold at ₦1,425 and bought at ₦1,412 among Bureau De Change operators.

Reports further show that the parallel market, also known as the Aboki FX market, continues to reflect fluctuating rates driven by demand and supply dynamics. However, the Central Bank of Nigeria (CBN) has consistently maintained that it does not recognize transactions conducted within the black market, advising individuals seeking foreign exchange to carry out such transactions through authorized financial institutions.

In contrast, official figures from the CBN revealed that the dollar traded within a range, with the highest rate recorded at ₦1,385 and the lowest at ₦1,373 for the same period. Market observers note that discrepancies often exist between official and parallel market rates due to varying liquidity levels and market forces.

It is also important to note that foreign exchange rates may differ slightly depending on location and dealer, as prices are subject to continuous changes across the market.