Dollar to Naira Black Market Exchange Rate Today Tuesday, February 17, 2026

Dollar to Naira Black Market Exchange Rate Today Tuesday, February 17, 2026

The Nigerian Naira recorded a slight decline against the United States Dollar in the parallel foreign exchange market on Tuesday, as renewed demand from importers and retail buyers moderated the strong appreciation seen in the previous trading session.

As of Tuesday, February 17, 2026, the Dollar to Naira exchange rate in the black market is:

• ₦1,400 per dollar (buying rate)
• ₦1,410 per dollar (selling rate)

These figures were confirmed by Bureau De Change (BDC) operators across major commercial centers including Lagos, Abuja, and Port Harcourt.

The modest adjustment follows Monday’s rally, when the Naira strengthened to approximately ₦1,390 per dollar. Market participants report that while dollar liquidity remains relatively stable, demand has increased as businesses resume international payments and individuals seek foreign currency for personal expenses.

Despite today’s slight uptick, the exchange rate continues to reflect improved stability compared to levels recorded in late January.

Dollar to Naira Black Market Rate Summary

For official exchange rate benchmarks and monetary policy guidance, visit the Central Bank of Nigeria (CBN) website:
https://www.cbn.gov.ng

How Much Is Dollar to Naira Today in the Black Market?

For individuals and businesses asking about the current rate, the Dollar to Naira exchange rate today stands at:

• Buying Rate: ₦1,400 per dollar
• Selling Rate: ₦1,410 per dollar

Across major cities, transactions are being concluded within this range, depending on transaction size and location. Dealers indicate that supply conditions remain fairly stable, but demand has edged higher following Monday’s appreciation.

The narrow spread between buying and selling rates signals improved liquidity and a more balanced foreign exchange environment. Analysts describe today’s movement as a normal market correction rather than a reversal of the broader stabilizing trend.

Key Factors Influencing Today’s Exchange Rate

Several dynamics are driving the slight upward adjustment in the Dollar to Naira rate:

1. Increased Importer Demand

Businesses have resumed procurement activities and foreign payments, increasing demand for foreign exchange.

2. Retail Dollar Purchases

Individuals sourcing dollars for tuition fees, travel, and medical expenses are contributing to market demand.

3. Sustained FX Supply

Export proceeds and diaspora remittances continue to support liquidity in the market.

4. Market Correction

Following Monday’s strong appreciation, prices are adjusting toward equilibrium.

5. Supportive External Conditions

Stable crude oil prices are helping to sustain Nigeria’s foreign exchange earnings outlook.

Economic Implications

The current exchange rate presents both positive signals and ongoing concerns.

Positive Indicators

• Continued market stability
• Relatively strong FX liquidity
• Improved predictability for business procurement planning

Areas of Concern

• Exchange rate remains elevated compared to historical averages
• Import-dependent sectors remain vulnerable to currency fluctuations
• Sustained gains depend on consistent dollar inflows

Analysts note that the Naira’s ability to hold around the ₦1,400 range suggests improving investor and market confidence.

Short-Term Outlook

Experts anticipate that the Dollar to Naira exchange rate will likely trade within a relatively stable band in the near term, provided liquidity conditions remain steady.

Projected short-term range: ₦1,380 – ₦1,420 per dollar

Market participants will closely monitor:

• Export inflow volumes
• Remittance trends
• Import financing demand
• FX policy direction from the Central Bank of Nigeria

Conclusion

As of Tuesday, February 17, 2026, the Dollar to Naira black market exchange rate stands at:

• ₦1,400 per dollar (buying)
• ₦1,410 per dollar (selling)

While the Naira has eased slightly, overall market stability remains intact. The balance between steady dollar supply and rising demand will determine whether the currency maintains its position within the ₦1,400 band in the coming sessions.