WEEKEND
🇳🇬 Happy Easter Sunday! CBN markets CLOSED — Good Friday + Easter Weekend ⚠ IRAN DEADLINE TOMORROW — April 6 (Easter Monday) · Trump’s Hormuz ultimatum expires in <24 hours Parallel market: USD ₦1,420 sell · GBP ₦1,910 · EUR ₦1,620 · CAD ₦1,022 Last CBN official rate: ₦1,380.79 — Thursday April 2 (last session before Easter break) BDC risk premium: parallel market up ₦10 vs Thursday — April 6 fear baked in Reserves at $49.29B — 13-day losing streak · CBN monitoring closely over Easter 🇳🇬 Happy Easter Sunday! CBN markets CLOSED — Good Friday + Easter Weekend ⚠ IRAN DEADLINE TOMORROW — April 6 (Easter Monday) · Trump’s Hormuz ultimatum expires in <24 hours Parallel market: USD ₦1,420 sell · GBP ₦1,910 · EUR ₦1,620 · CAD ₦1,022
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Business & Economy · Easter Weekend · Iran Deadline Eve🇳🇬 Naira Exchange Rate —
🇳🇬 Naira Exchange Rate —
Easter Sunday, 5 April 2026
CBN Official Market — Closed for Easter Weekend
The Central Bank of Nigeria’s NFEM/EFEMS window has been closed since Good Friday (April 3) and will not reopen until Tuesday, April 8 — Easter Monday (April 6) is also a public holiday in Nigeria, coinciding with the Iran war deadline. The last official CBN rate was ₦1,380.79 per dollar, recorded on Thursday April 2.
Official rates resume Tuesday 8 April 2026CBN Official (Carryover)
₦1,380.79
Thu April 2 · Market closed
Parallel Market (USD)
₦1,420
▲ ₦10 above Thu — risk premium
Official/Parallel Gap
~₦39
▲ Widened from ₦31 Friday
Iran Deadline
Tomorrow
Easter Monday · April 6
Iran Deadline
<24h
⚠ Easter Monday April 6 — Trump’s Hormuz Ultimatum
The coincidence is extraordinary: Trump’s Iran war deadline falls on Easter Monday — a Nigerian public holiday — when CBN markets are closed and the government is in holiday mode. Any escalation over the next 24 hours will hit the parallel market immediately (BDCs are open 7 days), while the official CBN market cannot respond until Tuesday morning. Nigeria is watching, praying, and calculating simultaneously.
Easter Sunday Market Summary: The CBN official market has been closed since Good Friday, April 3 — the last rate was ₦1,380.79 (Thursday April 2, last session of a shortened Easter week). In its absence, the parallel market has taken over price discovery for the weekend. BDC operators are currently quoting the dollar at ₦1,400 buying / ₦1,420 selling — that ₦10 jump above Thursday’s ₦1,410 parallel close is entirely the April 6 Iran risk premium. Like insurance premiums rising before a storm, BDC operators are pricing uncertainty into every quote. The naira’s true Q2 direction will only become clear on Tuesday morning when CBN markets reopen after the deadline passes. Until then, the parallel market is the only game in town.
⚠ Weekend Parallel Market Note: Rates shown below are from BDC operators and are subject to significant intraday volatility this weekend. BDCs typically widen their buy-sell spread ahead of major geopolitical events. The ₦1,400–₦1,420 USD range reflects fear pricing, not fundamental value. The CBN official rate of ₦1,380.79 remains the reference rate. Expect the true market rate to reset — in either direction — once CBN reopens Tuesday morning.
Parallel (Black) Market Rates — Easter Sunday 5 April 2026 BDC Live · Lagos · Abuja · Kano
🇺🇸 USD — US Dollar
Buying
₦1,400
/
Selling
₦1,420
▲ ₦10 above Thu close · April 6 risk premium baked in
🇬🇧 GBP — British Pound
Buying
₦1,870
/
Selling
₦1,910
↓ 0.52% · Softening slightly vs Mon
🇪🇺 EUR — Euro
Buying
₦1,590
/
Selling
₦1,620
↓ 0.61% · Steady across the week
🇨🇦 CAD — Canadian Dollar
Buying
₦1,007
/
Selling
₦1,022
▲ 0.69% · Holding Q2 gains
CBN Official Reference Rates — Last Close: Thursday 2 April 2026 NFEM · Closed since Good Friday
🔒 These are the last official CBN rates before the Easter break. They are reference rates only. The official market reopens Tuesday, 8 April 2026.
| Currency | Last Buy (₦) | Last Sell (₦) | Last Close | Status |
|---|---|---|---|---|
USD US Dollar | ₦1,377.50 | ₦1,384.00 | ₦1,380.79 | 🔒 Market Closed |
GBP British Pound | ₦1,829.00 | ₦1,844.00 | ₦1,836.57 | 🔒 Market Closed |
EUR Euro | ₦1,596.00 | ₦1,609.00 | ₦1,602.46 | 🔒 Market Closed |
CAD Canadian Dollar | ₦986.00 | ₦994.00 | ₦990.00 | 🔒 Market Closed |
CNY Chinese Yuan | ₦190.00 | ₦192.00 | ₦191.00 | 🔒 Market Closed |
Easter Week Rate Review — Q2 Week 1 Performance Mon 31 Mar → Sun 5 Apr
| Day | CBN Official | Parallel USD | Gap | Note |
|---|---|---|---|---|
| Mon 31 Mar (Q1 close) | ₦1,384.25 | ₦1,415 | ₦31 | Q1 ends |
| Wed 1 Apr (Q2 opens) | ₦1,385.27 | ₦1,420 | ₦35 | Q2 Day 1 |
| Thu 2 Apr | ₦1,380.79 | ₦1,415 | ₦34 | ▲ Naira firmed · Last trading day |
| Fri 3 Apr | Closed (Good Friday) | ₦1,410 | — | 🕊 Public holiday |
| Sat 4 Apr | Closed | ₦1,415 | — | Weekend |
| Sun 5 Apr ← Today | Closed (Easter) | ₦1,420 | ~₦39* | ⚠ Risk premium |
| Mon 6 Apr | Closed (Easter Mon) | TBD | TBD | ⚠ Iran deadline day |
| Tue 7 Apr | 🔓 CBN market REOPENS — First post-deadline rates | |||
* Gap calculated against Thursday’s last official close of ₦1,380.79. The widening reflects the April 6 risk premium, not a fundamental shift.
USD/NGN — Easter Week + April 6 Scenario Projections Actual + Projected · Apr 1–8
Three Paths for Tuesday — What Happens After April 6? Scenario Analysis
Scenario A — Peace
Deadline Extended or Ceasefire
₦1,355–₦1,375
Oil drops to $85–$95/bbl. CBN opens Tuesday to a firmer naira. Parallel market drops to ₦1,385–₦1,400. Fuel prices begin another leg down. Best Q2 outcome.
Scenario B — Standoff
No Action, No Deal
₦1,375–₦1,395
Oil holds $100–$105. Naira reopens broadly where it closed Thursday. Parallel stays ₦1,410–₦1,420. Status quo. Likely outcome based on current signalling.
Scenario C — Escalation
Strikes Resume on Iran
₦1,405–₦1,430
Oil spikes $115–$130. Naira weakens sharply on Tuesday open. Parallel hits ₦1,450+. Fuel prices reverse all gains. Worst case — but tail risk.
🐣 Easter Weekend + April 6 — Your Action Plan
✓
Rest and celebrate Easter. The CBN market is closed. There is nothing productive you can do about exchange rates today. Markets will reset Tuesday morning — planning now is wise, panic today is pointless.!
Do NOT transact at ₦1,420 parallel today unless genuinely urgent. That ₦10 weekend premium over Thursday’s ₦1,410 is fear-pricing — not a fair rate. Wait for Tuesday’s CBN open to see the true post-deadline rate.!
Avoid large parallel market transactions tomorrow (Easter Monday) as well — April 6 is the deadline day itself. BDC rates will be at their most volatile within hours of any Trump announcement.✓
Monitor news on Tuesday morning (7 April) from 7am WAT before any FX action. The CBN’s first session after the Easter + Iran deadline break will set the tone for all of Q2 April. Naija News Feeds will post live Tuesday rates from 8am.→
If Scenario A (peace) unfolds: Act quickly Tuesday–Wednesday. A naira firming toward ₦1,360 is a genuine buying opportunity for anyone with school fees, import FX, or dollar savings needs.→
If Scenario C (escalation) unfolds: Hold all non-urgent FX purchases for 5–7 days after the shock. Markets overshoot in the short term — rates typically correct 50–70% of the initial spike within a week. Disclaimer: CBN official rates shown are the last official close from Thursday April 2, 2026 (last session before Easter break). Parallel market rates are from NairaToday.com and BDC operators as of Sunday April 5. Weekend parallel rates carry a risk premium and do not reflect underlying fundamentals. Always verify before transacting. Not financial advice.