Dollar to Naira exchange rate today, March 25, 2026

The Nigerian Naira opened the mid-week trading session with a slight recovery, paring some of the losses recorded in the previous session as liquidity conditions in the Nigerian Foreign Exchange Market (NFEM) began to stabilise.

Official Market Performance (NFEM)

At the official window, the Naira showed signs of firming up during early morning trades on Wednesday, March 25, 2026. The exchange rate opened at approximately ₦1,375.26 and experienced a marginal appreciation to ₦1,375.61 by mid-morning. This movement follows a volatile Tuesday where the currency touched the ₦1,390 mark before retreating.

Market participants report that the current stability is supported by an uptick in autonomous dollar inflows, as exporters liquidate their holdings to meet month-end domestic obligations. The Central Bank of Nigeria (CBN) has also maintained its active monitoring through the Electronic Foreign Exchange Matching System (EFEMS), ensuring that bids remain within the established transparency framework.

Parallel Market Trends

The parallel market, often used as a barometer for retail demand, reflected the relative calm seen in the official window. In Lagos and Abuja, the Dollar is currently being traded between ₦1,420 and ₦1,435. While this remains higher than the official rate, the premium has held steady, suggesting that speculative pressure has not intensified despite the demand spikes seen earlier in the week.

Bureau De Change (BDC) operators indicate that while demand for travel and personal remittances remains consistent, the improved supply from the official integration of BDCs into the CBN’s distribution network continues to prevent the sharp, uncontrolled devaluations seen in previous years.

Economic Factors and Liquidity

The performance of the Naira today is influenced by several key factors:

Month-End Demand: Corporate demand for the Dollar typically peaks toward the end of the month as businesses settle international invoices. This demand is currently being balanced by increased domestic liquidity.

External Reserves: Nigeria’s foreign exchange reserves remain a pillar of support for the local currency, currently estimated at just under $50 billion. This provides the CBN with the necessary buffer to intervene if volatility exceeds acceptable limits.

Crude Oil Revenue: Sustained production levels and global oil prices trading above $100 per barrel have ensured a steady flow of foreign exchange into the federation account, bolstering market confidence.

Market Outlook

Traders expect the Naira to trade within the ₦1,370 to ₦1,390 range for the remainder of the week. Analysts point out that the successful convergence of rates over the last year has made the market more predictable for foreign investors, who are closely watching the results of the recent banking recapitalisation exercise as a signal of long-term economic resilience.

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