Today’s Dollar To Naira Exchange Rate – 5th March 2026

According to market sources familiar with trading activities in Lagos, Bureau De Change (BDC) operators quoted the greenback at ₦1,380 per dollar for sellers, while buyers received ₦1,360 per dollar. The rates reflect ongoing fluctuations within the informal forex segment, where exchange values are largely driven by demand and supply dynamics.

Meanwhile, the Central Bank of Nigeria (CBN) has continued to maintain that it does not recognize the parallel market. The apex bank has consistently advised individuals and businesses seeking foreign exchange to conduct their transactions through authorized financial institutions.

At the official market, data indicated that the dollar traded at a highest rate of ₦1,400 and a lowest rate of ₦1,382 within the same period.

However, currency traders note that exchange rates in both the official and parallel markets may vary slightly depending on location, transaction volume, and prevailing market conditions.