Dollar to Naira Exchange Rate Today, March 5, 2026

On Thursday, March 5, 2026, the Nigerian Naira displayed a degree of stability against the US Dollar during the early trading hours.

According to real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal reports, the Naira is operating within a narrow range as the market responds to recent liquidity injections from the central bank.

In the official trading window, the exchange rate began at 1,382.87 Naira per dollar. Throughout the morning session, the rate saw slight fluctuations, reaching a peak of 1,383.69 before settling at approximately 1,383.41 Naira per dollar by 4:00 AM WAT.

This performance indicates a consolidation phase following a slight uptick in volatility earlier in the week. According to Central Bank of Nigeria (CBN) data, the closing rate for the previous session on March 4 stood at 1,382.65, with a daily mean rate of 1,388.13. The current stability is supported by consistent turnover at the NFEM, where authorized dealers continue to meet corporate demand for import financing.

In the parallel or informal market, the dollar is being exchanged at rates ranging between 1,390 and 1,405 per dollar. The spread between the official and “black market” rates remains relatively narrow, sitting at approximately 1.5% to 2.0%.

Traders in major financial hubs like Lagos and Abuja report that while there is steady demand from the retail sector—primarily for personal travel and small-scale business needs—the absence of speculative panic has prevented a significant breakout in rates. The market appears to be anchored by the improved transparency and regular supply available through formal channels.