Dollar to Naira Exchange Rate Today, March 27, 2026

The naira remained fairly stable against the US dollar on Friday, March 27, 2026, across both the official and parallel foreign exchange markets, as efforts to improve dollar liquidity continued.

At the Nigerian Foreign Exchange Market, NFEM, the naira traded within the ₦1,350 to ₦1,370 range to the dollar, based on recent market trends. Mid-market figures placed the exchange rate at about ₦1,356 per dollar, showing only slight movement in the official window.

Recent Central Bank data also suggests that the naira has largely stayed within a narrow range throughout March. In the official market, the currency has mostly traded between ₦1,360 and ₦1,380 to the dollar, pointing to a period of short-term stability after earlier swings.

In the parallel market, however, the naira traded at a weaker level due to continued strong demand for foreign currency. Bureau de change operators in Lagos and Abuja quoted the dollar at around ₦1,400 to ₦1,420, depending on location and transaction size.

The difference between the official and black market rates continues to highlight the pressure within Nigeria’s foreign exchange system. Limited dollar supply, combined with steady demand from importers and individuals, remains a major factor behind the gap.

Analysts say the naira’s recent performance has been supported by stronger foreign reserves, Central Bank interventions, and movements in global oil prices. Even so, they warn that demand pressure is still preventing a full alignment between the official and parallel market rates.

Overall, the naira has shown signs of holding steady at the official market, but the continued gap with the parallel market shows that deeper challenges in the foreign exchange system remain unresolved.