Dollar to Naira Black Market Exchange Rate Today, Wednesday, February 25th 2026

The Dollar to Naira black market exchange rate recorded a slight decline on Wednesday, February 25th 2026, as improved dollar supply in the informal segment eased short-term pressure on the naira, as reported by Investors King

As of today, parallel market operators are buying the United States Dollar at ₦1,345 and selling at ₦1,355, reflecting a ₦10 margin between buying and selling rates.

The Dollar to Naira exchange rate remains one of the most closely monitored financial indicators in Nigeria because of its direct impact on import costs, tuition payments abroad, international transactions, and overall consumer prices.

How Much Is Dollar to Naira Today in Black Market?
For those asking, how much is dollar to naira today in black market, the prevailing rates across major trading hubs are:

Buying Rate: ₦1,345 per $1

Selling Rate: ₦1,355 per $1

While rates may differ slightly depending on transaction size and city, ₦1,345–₦1,355 is the dominant range observed in Lagos, Abuja and other commercial centers today.

The black market, often referred to as the parallel market, operates independently of the official foreign exchange window regulated by the Central Bank of Nigeria. Official exchange rate information and monetary policy updates can be accessed directly via the apex bank’s website at https://www.cbn.gov.ng.

Despite ongoing reforms aimed at stabilizing the currency market, demand for foreign exchange in unofficial channels remains strong due to accessibility challenges within the formal banking system.

For daily Dollar to Naira updates and deeper market insights, readers can visit https://investorsking.com for structured financial analysis and forex reporting.

Dollar to Naira: Why the Rate Moved Lower Today
The slight appreciation of the naira in the black market today may be linked to several factors:

1. Increased Short-Term Dollar Supply
Improved liquidity in the parallel market may have eased pressure on the exchange rate, leading to the modest adjustment.

2. Reduced Speculative Demand
Traders holding dollars in anticipation of further depreciation may have released supply into the market, stabilizing the rate.

3. Market Correction
Currency markets often experience short-term corrections after periods of upward movement, particularly when buying pressure slows.

4. Policy Signals
Statements or liquidity interventions from monetary authorities can influence sentiment and impact short-term pricing behavior.

Market participants also monitor updates from forex tracking platforms such as https://abokiforex.app/, which publishes daily black market rate movements across Nigeria.

Official Market vs Black Market Rate
The official Dollar to Naira exchange rate is managed within regulated trading windows supervised by the Central Bank of Nigeria. However, differences between official and black market rates often reflect structural imbalances in supply and demand.

While the official window provides a more controlled pricing environment, limited allocation and documentation requirements often push small businesses and individuals toward the parallel market.

As a result, the black market rate frequently reacts faster to immediate demand and liquidity conditions.

Outlook for the Naira
The direction of the Dollar to Naira exchange rate in the coming weeks will depend on foreign exchange inflows from crude oil exports, diaspora remittances, and foreign portfolio investments. Improved dollar liquidity within official channels could help narrow the gap between formal and informal rates.

However, persistent demand pressure and Nigeria’s import dependency remain key factors influencing exchange rate volatility.

As of Wednesday, February 25th 2026, the Dollar to Naira black market exchange rate stands at ₦1,345 for buying and ₦1,355 for selling, reflecting a slight improvement in the naira’s position compared to the previous trading session.

For businesses, investors and individuals, monitoring daily Dollar to Naira movements remains essential for effective financial planning and informed decision-making.

Investors King