USD To NGN Exchange Rate Today – February 26, 2026

The naira continued to trade at varying rates against the United States dollar across segments of the foreign exchange market on February 25, 2026, with fresh figures emerging from the parallel market, popularly known as the black market or Aboki FX.

According to market sources who spoke to Ireporter Online, currency traders at the Lagos Parallel Market exchanged the dollar at a selling rate of ₦1,390 and a buying rate of ₦1,370 on Wednesday. This means individuals looking to purchase dollars from Bureau De Change (BDC) operators obtained the currency at ₦1,390, while those selling dollars received ₦1,370.

Meanwhile, data obtained from official channels indicated that the Central Bank of Nigeria recorded the dollar at a highest rate of ₦1,361 and a lowest rate of ₦1,353 for the day. The apex bank has consistently maintained that it does not recognize the parallel market and has advised individuals and businesses seeking foreign exchange transactions to process them through authorized financial institutions.

Financial analysts note that exchange rates in the parallel market are largely driven by demand and supply dynamics and may differ from rates quoted by official institutions. As a result, the actual rate at which individuals buy or sell foreign currency may vary slightly from published figures due to market fluctuations and location.