- Dollar to Naira Exchange Rate Today 19 February 2026
- Parallel market rates range near ₦1,370 – ₦1,390 per dollar.
- Improved liquidity helps narrow gap between forex markets.
The United States dollar (USD) continued to trade firmly against the Nigerian naira (NGN) on Thursday, 19 February 2026, with slight variations across the official and black market foreign exchange windows.
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EKO HOT BLOG reports that market data shows that the naira has seen moderate strength in recent days, reflecting improved liquidity conditions and calmer demand pressures, which have helped narrow the gap between formal and informal forex markets.
Dollar to Naira Exchange Rates – 19 February 2026
Black Market (Parallel) Rate
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1,372 – ₦1,390 |
| Buying Rate | ₦1,370 – ₦1,376 |
(*Indicative parallel market rates range based on popular exchange platforms and bureau de change quotations.)
Official (CBN/NFEM) Rate
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1,340 |
| Lowest Rate | ₦1,337 |
Official market figures reflect data from the Central Bank of Nigeria, which reported the naira trading around ₦1,337 – ₦1,340 per dollar in the Nigerian Foreign Exchange Market (NFEM). This represents one of the naira’s stronger performances in the official window in recent months.
What This Means for Nigerians
The narrowing gap between parallel and official rates signals more balanced foreign exchange conditions, driven by reported increases in dollar supply and stronger liquidity. Businesses, importers, travellers, and individuals planning to make forex transactions should monitor both markets before converting funds, as the choice of channel can significantly impact costs.
Analysts say that while the formal rate may offer a slightly stronger naira, the black market remains active due to real-time demand from importers and individuals seeking immediate access to dollars.
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