Dollar To Naira Exchange Rate Today, March 17th, 2026

The exchange rate between the United States Dollar and the Nigerian Naira continues to reflect pressure on the local currency across both official and parallel markets.

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EKO HOT BLOG reports that in the black market, also known as the parallel market, the naira traded at a higher range compared to the official window, highlighting persistent demand for foreign exchange.

Data from the Central Bank of Nigeria showed that the official exchange rate remained relatively stable within the ₦1354 to ₦1364 band, while the black market recorded a wider gap, with the dollar selling as high as ₦1430.

The difference between the official and parallel market rates continues to be driven by limited forex supply, rising demand, and ongoing economic adjustments in the country.

Market watchers say the disparity remains a key concern for businesses and individuals who rely on foreign exchange for imports, travel, and international transactions.

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