Dollar to Naira Rate Today 17 February 2026

• Dollar to Naira Rate Today, 17 February 2026
• Parallel market quotes remain around ₦1,390–₦1,400.
• Rate gap driven by demand pressures and market liquidity.

On Tuesday, 17 February 2026, the Nigerian naira continued to trade with volatility against the United States dollar, reflecting ongoing supply and demand pressures in the foreign exchange market.

EDITOR’S PICKS 

• Health Workers Warn as Antivenom Gaps Undermine Snakebite Treatment
• Tinubu Approves ₦40bn Zero-Interest Loans for University Lecturers, Staff
• 5 Health Risks Men Face After Age 40

EKO HOT BLOG reports that the gap between official and parallel market rates persists amid variations in liquidity and dollar access for consumers and businesses.

Here are the latest exchange rates for today:

Official/Central Bank figures reflect the rates at which commercial banks and authorized dealers transact. Parallel (black market) rates represent informal trading levels reported in major cities like Lagos and Abuja.

What This Means for Consumers and Businesses

The official rate remains relatively stable compared with recent sessions, indicating modest improvements in dollar availability through institutional channels. However, many Nigerians and small businesses still rely on the parallel market to access foreign currency for imports, travel, school fees, and remittances.

The parallel market rate remains higher than the official rate, reflecting lingering demand that is not fully met through formal channels. This gap influences import costs, pricing of foreign-sourced goods, and business planning.

Economists suggest that continued efforts to improve FX liquidity, encourage transparency, and streamline dollar supply mechanisms could further narrow the gap.

For now, individuals and companies planning to convert dollars to naira should compare rates across official and parallel channels, and consider timing and purpose before completing transactions.