Dollar To Naira Exchange Rate For February 21, 2026

Market participants noted that the rates, which can vary slightly across different Bureau De Change operators, indicate continued pressure on the naira within unofficial trading channels. These parallel market figures contrast with the rates published by the Central Bank of Nigeria, where the dollar fluctuated between ₦1,343 and ₦1,349 on the same day.

Observers reminded the public that the Central Bank of Nigeria does not officially recognize the parallel foreign exchange market and has maintained that individuals seeking foreign currency should transact through regulated banking institutions. Local traders also cautioned that the rates at which individuals may buy or sell currency could differ from those outlined, as black market prices are subject to rapid changes based on demand and supply conditions.