The Nigerian Naira eased slightly against the United States Dollar in the parallel foreign exchange market on Tuesday as renewed demand from importers and retail buyers offset the strong gains recorded in the previous session.
As of Tuesday, February 17th 2026, the Dollar to Naira exchange rate in the black market stands at ₦1,400 per dollar for buying and ₦1,410 per dollar for selling, according to Bureau De Change (BDC) operators across Lagos, Abuja, Port Harcourt and other major trading hubs.
The marginal uptick follows Monday’s strong appreciation when the Naira traded around ₦1,390 per dollar. Traders note that while liquidity remains relatively healthy, demand has picked up as businesses resume foreign payments and individuals source foreign currency for personal obligations.
The current Dollar to Naira rate still reflects improved stability compared to late January levels.
Dollar to Naira Black Market Rate Overview
| Date |
Market |
Buying Rate (₦) |
Selling Rate (₦) |
Trend |
| Tuesday, Feb 17, 2026 |
Black Market |
1,400 |
1,410 |
▲ Slight Increase |
| Monday, Feb 16, 2026 |
Black Market |
1,390 |
1,400 |
▼ Strong Gain |
Rates are compiled from daily market surveys and verified through updates published by Investors King:
https://investorsking.com
For official exchange rate benchmarks and monetary 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 rate is:
-
Buying Rate: ₦1,400 per dollar
-
Selling Rate: ₦1,410 per dollar
Across major cities, transactions are closing within this band depending on volume and location. Dealers report that dollar supply remains stable, but demand has increased slightly following Monday’s strong appreciation. The slight adjustment in the Dollar to Naira rate indicates a normal market correction rather than a reversal of trend.
The relatively tight spread between buying and selling rates suggests improved liquidity and better balance in the foreign exchange market.
Key Drivers Behind the Dollar to Naira Movement
Several factors are shaping today’s movement in the Dollar to Naira exchange rate:
Renewed Demand from Importers
Businesses are resuming procurement and making foreign payments, increasing FX demand.
Retail FX Purchases
Individuals sourcing dollars for school fees, travel and medical needs are contributing to demand.
Sustained Dollar Supply
Export proceeds and remittance inflows continue to provide liquidity in the market.
Market Correction
Following Monday’s strong appreciation, the market is adjusting to a more balanced price level.
Stable External Conditions
Crude oil prices remain supportive, sustaining Nigeria’s FX earnings outlook.
These combined factors explain the slight upward adjustment in the Dollar to Naira rate.
Economic Implications
The current Dollar to Naira exchange rate carries mixed implications:
Positive Signals
-
Market stability remains intact
-
FX liquidity remains relatively strong
-
Businesses can plan procurement costs with more certainty
Ongoing Concerns
-
Exchange rate still elevated compared to historical levels
-
Import-dependent sectors remain exposed to FX risk
-
Sustained gains depend on continuous dollar inflows
Analysts note that the Naira’s ability to remain around the ₦1,400 band is a positive signal of improving market confidence.
Short-Term Outlook
Experts expect the Dollar to Naira exchange rate to trade within a stable range in the near term if liquidity conditions remain steady.
Projected short-term range: ₦1,380 – ₦1,420 per dollar
Market participants will monitor:
-
Export inflow volumes
-
Remittance trends
-
Import financing demand
-
CBN FX policy direction
Conclusion
The Dollar to Naira black market exchange rate today, Tuesday, February 17th 2026, stands at:
-
₦1,400 per dollar for buying
-
₦1,410 per dollar for selling
For daily foreign exchange updates and detailed market analysis, visit:
https://investorsking.com
https://www.cbn.gov.ng
As February progresses, the interaction between improved dollar supply and steady demand will determine whether the Dollar to Naira exchange rate sustains its current stability in the black market.
