Dollar To Naira Exchange Rate Today

Dollar To Naira Exchange Rate Today – March 10, 2026
Black market dollar sold around ₦1,420 amid continued forex demand.
Currency pressure persists due to limited supply and strong demand.

The Nigerian Naira continued to trade within a narrow range against the United States Dollar on Tuesday, March 10, 2026, as demand for foreign currency remained strong across Nigeria’s foreign exchange markets.

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Dollar To Naira Exchange Rate Today

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EKO HOT BLOG reports that data from currency trading platforms and market trackers shows that the Naira traded around ₦1,398 per dollar in global market indicators, reflecting moderate pressure on the local currency.

At the same time, activity in Nigeria’s parallel market indicates that the dollar is being traded at slightly higher rates as demand from importers, travellers, and businesses continues to influence the market. Market participants say limited dollar supply in the official market often pushes many buyers to the parallel market.

Dollar To Naira Exchange Rate Today

Market	Buying Rate	Selling Rate
Black Market (Parallel Market)	₦1,410	₦1,420
Official Market	₦1,396	₦1,398

In the parallel market, also known as the black market, currency traders across major cities such as Lagos, Abuja, and Kano reported buying dollars at about ₦1,410 and selling around ₦1,420 per dollar.

Meanwhile, global market trackers show the official dollar to naira exchange rate hovering between ₦1,396 and ₦1,398 as the market continues to adjust to forex supply and demand dynamics.

Financial analysts say the direction of the naira in the coming days will depend on foreign exchange inflows, crude oil revenue, and investor confidence in Nigeria’s economic reforms.