The Nigerian Naira exhibited a resilient performance as the foreign exchange market re-opened for full activity on Tuesday, April 7, 2026, following the Easter break.
The currency maintained a steady trajectory despite marginal intraday fluctuations, closing the session at an implied rate of ₦1,383.13/$1.
According to market data seen on the Central Bank of Nigeria (CBN) website, the Naira opened the trading day at approximately $0.000725 (roughly ₦1,379.31/$1).
As the session progressed into the afternoon, the currency experienced a slight depreciation of 0.28% to settle at $0.000723. This minor shift reflects a “wait-and-see” approach from investors and corporate entities as they recalibrate their portfolios for the second quarter of the year.
While the Naira saw a marginal dip during Tuesday’s late-afternoon trade, the broader outlook for the currency remains optimistic.
Market experts suggest that if current production levels and fiscal policies hold, the Naira could potentially strengthen toward the ₦1,250/$1 mark in the coming months.