Dollar to Naira Exchange Rate Today, February 17, 2026: Naira Holds Steady in Official Window

 The Nigerian Naira remained relatively stable against the US Dollar in the official foreign exchange market on Tuesday, February 17, 2026, as the Central Bank of Nigeria (CBN) continued to maintain tight liquidity management and interventions in the foreign exchange space.

According to data from the Nigerian Foreign Exchange Market (NFEM), the Naira opened the trading session at approximately ₦1,351.18 per US Dollar. By mid-morning, the rate had seen a slight adjustment, trading at an average of ₦1,354.86 per Dollar. This represents a marginal depreciation in the official window but keeps the rate firmly within the recent consolidation range around the ₦1,350–₦1,355 level.

Official Market (NFEM) Rates – February 17, 2026

Opening rate: ₦1,351.18 / $1

Current / mid-morning rate: ₦1,354.86 / $1

Previous day (February 16) closing reference: Around ₦1,348–₦1,354

The stability in the official market reflects ongoing CBN efforts to manage forex supply, including recent sales of dollars to Bureau De Change (BDC) operators and commercial banks.

Parallel (Black) Market Rates

In the parallel market, the Dollar continued to trade at a noticeable premium over the official rate. Bureau De Change operators in major cities such as Lagos, Abuja, and Kano quoted the Dollar in the range of ₦1,425 – ₦1,440 for selling, with buying rates slightly lower (around ₦1,400–₦1,425 depending on volume and location).

Recent reports indicate the parallel market has seen some appreciation in the Naira over the past few days (with rates briefly touching ₦1,390–₦1,400 earlier in the week), but a premium of roughly ₦70–₦85 over the official rate persists as of February 17.