- Dollar To Naira Exchange Rate Today, February 18, 2026
- Black Market Dollar Hits ₦1390 as CBN Rate Stands at ₦1344
- USD to NGN Rate Today: Latest Black Market and CBN Figures
The Dollar to Naira exchange rate remained a key focus for traders and businesses on Tuesday, February 18, 2026, as demand for foreign exchange continued across official and parallel markets.
EKO HOT BLOG reports that at the black market, also known as the parallel market, the naira traded weaker against the United States dollar compared to the official window.
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Meanwhile, rates at the Central Bank of Nigeria window showed a narrower spread.
Below is the breakdown of today’s exchange rates:
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1390 |
| Buying Rate | ₦1370 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1344 |
| Lowest Rate | ₦1318 |
The difference between the official and black market rates reflects ongoing foreign exchange pressures and demand dynamics in Nigeria’s currency market.
Financial analysts continue to advise businesses and individuals engaging in foreign transactions to monitor both official and parallel market trends closely, as fluctuations can significantly impact import costs, school fees abroad, travel expenses, and other dollar-denominated obligations.
Market observers say sustained policy reforms and improved dollar inflows remain critical to narrowing the gap between official and parallel market rates in the coming months.
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