- Dollar To Naira Exchange Rate Today, March 5, 2026
- CBN highest dollar rate closes at ₦1400
- Exchange rate gap persists across FX markets
The naira traded within a tight range against the United States dollar on Thursday, March 5, 2026, across both the parallel market and the official foreign exchange window.
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EKO HOT BLOG reports that in the black market, also known as the parallel market, the dollar maintained relative stability amid steady demand from importers and retail buyers. Traders said activity remained moderate, with no sharp swings recorded during early transactions.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1380 |
| Buying Rate | ₦1360 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1400 |
| Lowest Rate | ₦1382 |
At the official market, the Central Bank window recorded rates slightly above parallel market levels at the high end, reflecting ongoing liquidity management efforts.
Despite gradual reforms in the foreign exchange market, the gap between official and black market rates remains a key concern for businesses and households dependent on imported goods. Analysts say sustained dollar inflows and improved supply are critical to strengthening the naira in the medium term.
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