The Nigerian Naira demonstrated notable stability in the official foreign exchange market on Monday, April 13, 2026, as the Central Bank of Nigeria (CBN) continues its strategic efforts to manage liquidity and curb excess volatility.
Trading at the Nigerian Foreign Exchange Market (NFEM) opened the new week with the local currency pegged at a central rate of ₦1,356.89 per dollar.
Throughout the session, the Naira maintained a narrow trading corridor, reaching an intraday high of ₦1,362.08 before settling back toward the opening benchmarks.
This steady performance reflects a growing confidence in the interbank window, supported by consistent oversight from monetary authorities.
While the official rate remained anchored, the parallel market saw slightly higher figures due to ongoing demand for small-scale retail transactions and personal travel allowances.
Reports from major commercial hubs, including Lagos and Abuja, indicate that the dollar traded between ₦1,460 and ₦1,485 in the informal sector. Despite this disparity, market analysts highlight that the volume of transactions in the official window remains healthy, with total turnover for the day reflecting a normalized flow of approximately $115 million.
The current exchange rate environment is bolstered by recent data from the National Bureau of Statistics (NBS), which confirmed an inflation rate of 15.06% following the successful rebasing of the Consumer Price Index (CPI).
Financial experts suggest that the narrowing gap between official and informal rates, coupled with steady foreign exchange inflows, points toward a period of consolidation for the Naira.
Investors and businesses are closely monitoring upcoming policy statements from the CBN, but for now, the market sentiment remains cautiously optimistic as the Naira continues to hover comfortably within its mid-month projected range.