- Dollar To Naira Exchange Rate Today, February 12, 2026
- Official CBN rate ranged between ₦1345 and ₦1351
- Wide gap persists between official and black markets
The Dollar to Naira exchange rate remained a major focus for traders and businesses on Thursday, February 12, 2026, as fluctuations continued across the official and parallel markets. Demand for foreign exchange persists amid ongoing pressure on the naira, with noticeable gaps between the Central Bank of Nigeria rate and the black market rate.
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EKO HOT BLOG reports that in the parallel market, also known as the black market, the dollar traded at higher levels compared to the official window. Currency dealers in major hubs across the country quoted the greenback within the ₦1435 to ₦1445 range, reflecting sustained demand from importers and individuals seeking forex for transactions not covered by official allocations.
Below is a breakdown of the Dollar to Naira exchange rates for today:
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Selling Rate
₦1445
Buying Rate
₦1435
Dollar to Naira (USD to NGN)
CBN Rate Today
Highest Rate
₦1351
Lowest Rate
₦1345
At the official market, data from the Central Bank of Nigeria showed the dollar trading between ₦1345 and ₦1351. The gap between the official and parallel market rates continues to influence pricing of goods, school fees payments abroad, and international transactions.
Analysts say exchange rate stability will depend largely on improved dollar inflows, foreign investment confidence, and monetary policy adjustments aimed at strengthening the naira in the coming months.
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