Dollar to Naira Exchange Rate Today, March 26, 2026

The Nigerian Naira is currently demonstrating a blend of stability and minor fluctuations against the United States Dollar as of the morning of March 26, 2026.

This market behavior is indicative of a balancing act between enhanced liquidity resulting from foreign portfolio investments and ongoing pressure due to declining external reserves.

In the Nigerian Foreign Exchange Market (NFEM), the Naira began the trading session at ₦1,385.46 per Dollar. As indicated by real-time data, the exchange rate experienced a slight appreciation in the early morning, reaching ₦1,384.39 by 10:00 AM.

This follows a turbulent start to the week, where the local currency faced a notable decline on Monday but managed to regain some value during the trading sessions on Tuesday and Wednesday.

The relative stability seen today is being bolstered by a recent surge in foreign exchange inflows. Reports from FMDQ indicate that total FX inflows rose 45 percent month-on-month to approximately $4.4 billion in February, a trend that has carried into late March. Analysts suggest that high-yield investment opportunities in Nigeria continue to attract offshore “carry trade” investors, providing much-needed liquidity to the official window.

In the parallel market, commonly referred to as the black market, the Naira held its ground against the Greenback. Traders in major hubs such as Lagos (Broad Street) and Abuja (Wuse Zone 4) quoted the Dollar at an average of ₦1,415 for selling and ₦1,405 for buying.

The spread between the official and parallel market rates currently sits at roughly ₦31. While this is a slight widening from the ₦27 gap recorded earlier in the week, it remains significantly narrower than the triple-digit spreads seen in previous years. This convergence remains a primary objective of the Central Bank of Nigeria’s (CBN) ongoing market unification reforms.