Dollar to Naira Exchange Rate Today – March 16, 2026

 

The exchange rate between the United States Dollar and the Nigerian Naira continues to attract attention as businesses and individuals monitor fluctuations in the foreign exchange market.

As of Monday, March 16, 2026, the dollar trades at around ₦1,366 per $1 in the official market. The rate may vary slightly depending on the platform or financial institution handling the transaction.

Parallel Market Rate

In the parallel (black) market, which many Nigerians rely on for foreign exchange, the US dollar is selling at approximately ₦1,490 per $1, although the rate can change depending on location and dealer.

Market Overview

The naira has experienced minor fluctuations in recent weeks as economic policies and foreign currency supply continue to influence Nigeria’s foreign exchange market. Analysts say demand for dollars from importers and travelers remains a key factor affecting the exchange rate.

Quick Dollar to Naira Conversion

• $1 – ₦1,366

• $10 – ₦13,660

• $50 – ₦68,300

• $100 – ₦136,600

• $1,000 – ₦1,366,000

The exchange rate may change throughout the day as trading continues across official and parallel markets.