Dollar to Naira Exchange Rate Today – If you want to make an exchange and you’re curious to know how much from dollar to naira, then this post is for you. Everything you need to know about the United States dollar to naira is in this article, so relax and read carefully.
Well, the Nigerian Naira maintained a stable yet cautious position against the United States Dollar during the Tuesday morning trading session on February 17, 2026.
Following a weekend of steady consolidation, the local currency continues to trade within the 1,350 range in the official window, reflecting the ongoing effectiveness of the Central Bank of Nigeria’s (CBN) liquidity management.
The Official Market Today
The naira started the day trading at about ₦1,351.18 to the dollar in the Nigerian Foreign Exchange Market. By mid-morning on February 17, the rate had edged slightly higher, with the dollar exchanging at an average of ₦1,354.86.
Here is the summary of the dollar exchange rate
- NFEM (Official) Opening: 1,351.18
- NFEM (Official) Current: 1,354.86
- Parallel Market Range: 1,425 – 1,440
This trend reflects a modest pullback from the day’s earlier high of ₦1,351, as traders respond to increased corporate demand at the start of the week. Analysts say the naira has managed to sidestep the usual mid-month swings, thanks largely to the transparency provided by the Electronic Foreign Exchange Matching System.
With the Monetary Policy Rate helping to steady local markets, the official exchange rate has stayed firmly below ₦1,400 for more than two weeks.
What’s Happening in the Parallel Market?
The parallel market, or informal window, has mirrored the relative calm of the official sector, though it continues to trade at a traditional premium. In major commercial hubs such as Lagos, Abuja, and Kano, Bureau De Change operators are quoting the dollar within a range of 1,425 to 1,440.
Traders report that while the start of the business week usually brings a flurry of retail activity, the supply of dollars remains sufficient to meet current demand for personal travel and small-scale business transactions.
The narrowing spread between the NFEM and the parallel market continues to serve as a deterrent to speculative hoarding, fostering a more predictable environment for consumers and small business owners alike.
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