Dollar To Naira Exchange Rate Today, February 11, 2026

Dollar To Naira Exchange Rate Today, February 11, 2026
Official CBN/NFEM rate remained lower at around ₦1,355 to ₦1,361.
Narrower spread suggests improved forex liquidity and market confidence.

The dollar to naira exchange rate remained relatively stable on Wednesday as the Nigerian naira showed resilience against the United States dollar in both the parallel and official foreign exchange markets.

EDITOR’S PICKS

EKO HOT BLOG reports that traders, importers, travellers and businesses continue to watch daily movements as forex conditions evolve in response to liquidity flows and market demand.

In the black market, also known as the parallel market, Bureau De Change (BDC) operators in major trading hubs such as Lagos, Abuja and Port Harcourt quoted the dollar within a narrow range, signalling continued balance between demand and supply. The tightening spread between buying and selling rates reflects improved confidence among dealers.

Meanwhile, the official exchange rate published by the Nigerian Foreign Exchange Market (NFEM) and influenced by the Central Bank of Nigeria (CBN) remained lower than the parallel market figures, underscoring persistent discrepancies between formal and informal forex windows.

Dollar to Naira Exchange Rate Table

Market	Buying Rate (₦)	Selling Rate (₦)
Black Market	₦1,435 – ₦1,450	₦1,450 – ₦1,455
Official (CBN/NFEM)	₦1,355.73	₦1,361.97

The gap between black market and official rates continues to influence pricing decisions across sectors, particularly for importers and businesses that rely on foreign currency for operations. Some analysts say the narrower spread and improved liquidity could support greater stability in the forex market if current trends persist.

Market watchers caution that actual rates can vary by location and transaction size, and recommend verifying rates with authorised dealers before conducting major forex transactions.