Dollar to Naira Exchange Rate for March 1, 2026

On March 1, 2026, the exchange rate for the US dollar to the Nigerian naira in the black market is reported to be 1380 naira for selling and 1360 naira for buying. This information reflects the rates as of February 28, 2026.

The article emphasizes that the parallel market, often referred to as the black market, is not acknowledged by banks. It is important for individuals engaging in currency exchange to approach this market with caution, as it operates outside the official banking system.