Today’s Currency Exchange Rates — Naira Holds Ground Against Major Currencies

✍️ By Teju/ February 17, 2026/ 8:09am

The Nigerian naira continues to trade with a modest spread between the official and parallel foreign exchange markets as of today. The rates below reflect key currency pairs most relevant to Nigerians and businesses dealing with international transactions.

Official (CBN/NFEM) Rates

• US Dollar (USD): ~₦1,353 – ₦1,355 per $1
• Euro (EUR): ~₦1,602 – ₦1,608 per €1
• British Pound (GBP): ~₦1,839 – ₦1,846 per £1

These figures represent the official foreign exchange rates traded in the Nigerian Foreign Exchange Market (NFEM), which are influenced by Central Bank of Nigeria (CBN) policy and liquidity conditions. The official window typically remains lower than the informal market due to regulated supply and central bank interventions. 

Parallel (Black Market / Aboki FX) Rates

• US Dollar (USD): ~₦1,420 – ₦1,440 per $1
• Euro (EUR): typically higher than the dollar but varies by dealer
• British Pound (GBP): also quoted at a premium over official rates

In the parallel (informal) market, often tracked by Aboki Exchange and Bureau De Change (BDC) operators across cities like Lagos, Abuja, Port Harcourt, and Kano, the naira trades at slightly higher rates than the official window. The gap between both markets has narrowed somewhat recently as a result of increased dollar liquidity and policy measures, but differences remain due to demand pressures and market dynamics. 

What This Means

• Travel & Remittances: Individuals sending money abroad or traveling will find slightly lower costs in the official market if accessible, but many still rely on the parallel market due to availability.
• Imports & Business: Businesses importing goods often compare both rates to determine cost-effectiveness.
• Economic Trends: Continued convergence between official and parallel markets reflects ongoing efforts to stabilize foreign exchange access, including broader access for licensed BDCs.  

Overall, while the naira shows resilience at official levels, demand pressure in the black market continues to keep parallel rates modestly higher. These exchange rates remain key indicators for economic analysts, international traders, students abroad, and everyday Nigerians affecting buying power and international transactions.

Sources: Legit.ng & Aboki Exchange/Forex Trackers