- Dollar To Naira Exchange Rate Today, March 3rd, 2026
- CBN highest rate stands at ₦1397
- Forex demand keeps pressure on Naira value
The Dollar to Naira exchange rate in the black market remained relatively stable today, with traders quoting ₦1380 as the selling rate and ₦1360 as the buying rate.
The marginal gap reflects continued demand pressure for foreign exchange in the parallel market.
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EKO HOT BLOG reports that at the official window, rates published by the Central Bank of Nigeria showed slight variations within the trading band for the day.
| Dollar to Naira (USD to NGN) | Rate |
|---|---|
| Black Market Buying Rate | ₦1360 |
| Black Market Selling Rate | ₦1380 |
| CBN Highest Rate | ₦1397 |
| CBN Lowest Rate | ₦1368 |
The CBN recorded a highest rate of ₦1397 and a lowest rate of ₦1368 for the Dollar. The difference between the official and black market rates continues to influence forex transactions across import dependent sectors.
Market analysts say fluctuations are largely driven by supply constraints, foreign reserve dynamics, and demand from businesses and individuals seeking invisible transactions.
Despite ongoing reforms in the foreign exchange market, many Nigerians still rely on the parallel market due to accessibility and processing speed.
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