- Dollar To Naira Exchange Rate Today, February 16, 2026
- CBN official rate ranged between ₦1353 and ₦1358
- Exchange gap continues to influence business costs
The Dollar to Naira exchange rate remained a key focus for traders, importers and businesses on Monday, February 16, 2026, as fluctuations in both the parallel market and official window continued to influence economic activities across Nigeria.
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EKO HOT BLOG reports that at the black market, also known as the parallel market, the Naira traded at ₦1400 per dollar as the selling rate, while the buying rate stood at ₦1375. The gap between buying and selling rates reflects ongoing demand pressure for foreign exchange in the informal market.
Below is a breakdown of the exchange rates recorded today:
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1400 |
| Buying Rate | ₦1375 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1358 |
| Lowest Rate | ₦1353 |
At the official window regulated by the Central Bank of Nigeria, the Naira traded between ₦1353 and ₦1358 against the United States Dollar. The variation within the official range highlights ongoing adjustments in the foreign exchange market.
The difference between the black market and official rates continues to shape pricing decisions for goods and services, particularly for import dependent businesses. Analysts say stability in the foreign exchange market remains crucial to controlling inflation and restoring investor confidence.
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