Dollar To Naira Exchange Rate Today, February 20th, 2026

• Dollar To Naira Exchange Rate Today, February 20th, 2026
• CBN highest rate matched black market selling rate.
• Exchange rates showed slight margin across markets.

The Dollar to Naira exchange rate remained a major focus for traders and businesses on Thursday, February 20, 2026, as fluctuations continued across both official and parallel market segments.

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EKO HOT BLOG reports that at the black market, also known as the parallel market, the Naira traded at ₦1350 per dollar for selling and ₦1335 per dollar for buying. Rates in the informal market are influenced by demand and supply pressures, especially from importers and individuals seeking foreign exchange for travel and other transactions.

Below is a breakdown of the current exchange rates:

At the official window monitored by the Central Bank of Nigeria, the highest recorded rate stood at ₦1350, while the lowest rate was ₦1332. The marginal difference between the official and parallel market rates suggests relative stability in the foreign exchange market.

Economic analysts say the alignment of rates across both markets may reflect improved liquidity and tighter regulatory oversight. However, market participants continue to monitor global oil prices, foreign reserves, and capital inflows, which remain key drivers of exchange rate movement.

Stakeholders are advised to confirm rates from authorised dealers before concluding major transactions.

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