The Nigerian Naira maintained its gradual appreciation against the United States Dollar in the parallel foreign exchange market on Thursday as improved liquidity conditions continued to support the local currency.
As of Thursday, February 12th 2026, the Dollar to Naira exchange rate in the black market is trading at ₦1,440 per dollar for buying and ₦1,450 per dollar for selling, according to Bureau De Change (BDC) operators across Lagos, Abuja, Port Harcourt and other major trading hubs.
The steady decline in the Dollar to Naira rate reflects improved supply dynamics in the informal market. Compared to late January levels when the exchange rate approached ₦1,500 per dollar, the Naira has shown consistent strengthening in early February.
Dollar to Naira Black Market Rate Overview
| Date |
Market |
Buying Rate (₦) |
Selling Rate (₦) |
Trend |
| Thursday, Feb 12, 2026 |
Black Market |
1,440 |
1,450 |
▼ Strengthening |
| Wednesday, Feb 11, 2026 |
Black Market |
1,442 |
1,452 |
— |
Rates are compiled from daily market surveys and verified through updates published by Investors King:
https://investorsking.com
For official exchange rate benchmarks and policy updates, visit the Central Bank of Nigeria (CBN):
https://www.cbn.gov.ng
How Much Is Dollar to Naira Today in Black Market
For individuals and businesses asking, how much is dollar to naira today in black market, the current trading range is:
-
Buying Rate: ₦1,440 per dollar
-
Selling Rate: ₦1,450 per dollar
Across major commercial cities, transactions are closing within this range depending on transaction volume and location. Dealers report that dollar availability has improved compared to previous weeks, particularly from exporters and private holders converting foreign earnings into naira.
The narrowing gap between buying and selling rates indicates improved market stability. The current Dollar to Naira movement suggests that supply and demand conditions are temporarily balanced in the parallel market.
Key Drivers Behind the Dollar to Naira Movement
Several factors are influencing today’s Dollar to Naira exchange rate in the black market:
Improved Dollar Supply
Export proceeds and diaspora remittance inflows have contributed to increased liquidity in the informal market.
Reduced Speculative Activity
With the Naira showing consistent appreciation, panic buying and speculative hoarding have declined.
Stabilized Import Demand
February import settlement cycles appear more controlled compared to the heavy demand recorded in January.
Stable Oil Market
Relatively stable crude oil prices continue to support Nigeria’s external reserves outlook.
Improved Market Confidence
Consecutive sessions of modest appreciation have strengthened short-term confidence among traders.
These combined elements have helped support the downward adjustment in the Dollar to Naira rate.
Economic Implications
The current strengthening in the Dollar to Naira exchange rate carries several implications for businesses and consumers:
Positive Impact
-
Reduced pressure on import costs
-
Improved pricing stability for businesses
-
Lower short-term volatility
-
Potential easing of inflationary risks
Remaining Risks
-
Exchange rate levels remain elevated compared to historical averages
-
Sustainability depends on continued foreign currency inflows
-
External economic shocks could reverse gains
While the recent appreciation is encouraging, analysts caution that long-term stability will depend on structural improvements in Nigeria’s foreign exchange supply.
Short-Term Outlook
Market analysts expect the Dollar to Naira exchange rate to trade within a relatively tight range if current liquidity trends continue.
Projected near-term trading band: ₦1,430 – ₦1,460 per dollar
Key factors to monitor include:
Conclusion
The Dollar to Naira black market exchange rate today, Thursday, February 12th 2026, stands at:
-
₦1,440 per dollar for buying
-
₦1,450 per dollar for selling
For daily foreign exchange updates and detailed market insights, visit:
https://investorsking.com
https://www.cbn.gov.ng
As February progresses, the interaction between sustained dollar supply and steady market demand will determine the next movement in the Dollar to Naira exchange rate in the black market.
