Dollar To Naira Exchange Rate Today -Real Time Data March 5, 2026

Real time data from both the official market and the parallel market show interesting Dollar to Naira Exchange rate, indicating factors driving the exchange rate.

Real-time data obtained by The Eagle Newsmedia from the Nigerian Foreign Exchange Market (NFEM) and informal or black market indicate relative stability on the part of the Nigerian Naira against the US dollar.

The exchange rated tightened somewhat, at both markets. The current stability is supported by consistent turnover at the NFEM, where authorised dealers continue to meet corporate demand for import financing.

Dollar To Naira at the Nigerian Foreign Exchange Market (NFEM)

The Naira opened at 1,382.87 per dollar at the official window, reaching a high of 1,383.69 before settling at approximately 1,383.41 by mid-morning.

From the Central Bank of Nigeria (CBN) data, the closing rate for the previous session on March 4 was 1,382.65, with a daily mean rate of 1,388.13.

Dollar to Naira Exchange At The Parallel Market – Black Market

In the parallel or informal market, data from across the different locations somewhat converge, with the Naira selling at between 1,390 and 1,405 per dollar.

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Analysts cite for example, is steady demand from the retail sector for the narrow margin spread between the official rate and the black market rates.

Increasing interest has followed the Dollar to Naira Exchange rate following both monetary and regulatory developments by the apex bank and recent conflict situations centred in the Middle East, specifically, the United States/Israel-Iran conflict.