- Dollar To Naira Exchange Rate Today, March 31st, 2026
- Official CBN rate ranges between ₦1380 and ₦1391
- Gap between official and parallel market rates persists
The Naira continued to trade within a tight range against the United States Dollar in both the parallel market and the official window on March 31, 2026, reflecting ongoing pressure in the foreign exchange market.
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EKO HOT BLOG reports that at the black market, also known as the parallel market, the Naira weakened slightly as demand for dollars remained high among importers and individuals seeking foreign currency for transactions.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1430 |
| Buying Rate | ₦1410 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1391 |
| Lowest Rate | ₦1380 |
At the official market, rates released by the Central Bank of Nigeria showed a relatively stable trend compared to the parallel market, although the gap between both markets persists. Analysts say the disparity continues to reflect supply constraints and ongoing demand pressure in the forex market.
Economic experts have maintained that improving foreign exchange inflows, boosting exports, and stabilising monetary policies remain key to narrowing the gap between official and black market rates.
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