Dollar to Naira Exchange Rate Update for February 2026

On February 17, 2026, the dollar to naira exchange rate reflects significant fluctuations in the black market. Specifically, the selling rate is reported at 1,400 naira, while the buying rate stands at 1,380 naira.

This information is derived from market observations on February 16, 2026. The article underscores that the black market rates do not align with official bank rates and advises individuals seeking to engage in currency exchange to approach banks directly, rather than relying on the parallel market.

The context of the exchange rates highlights ongoing economic challenges within Nigeria, particularly concerning currency valuation and the implications for individuals and businesses involved in foreign exchange transactions.