Dollar to Naira exchange rate today, March 9, 2026

The Nigerian naira started the second full trading week of March 2026 with a slight improvement against the US dollar on Monday.

Market figures from the Nigerian Foreign Exchange Market (NFEM) and activity within informal trading channels suggest the local currency is currently experiencing moderate fluctuations as demand from businesses increases at the start of the month.

Official Market Activity (NFEM)

At the official NFEM window, the naira opened early Monday at ₦1,384.74 per dollar.

As trading progressed and participants repositioned within the market, the exchange rate gradually adjusted to ₦1,391.83 by mid-morning.

By 5:30 a.m. WAT, the rate was hovering around ₦1,391.58 to the dollar.

The development follows the ₦1,398.00 per dollar closing rate recorded on March 6, indicating mild day-to-day movements in the currency market.

Despite these slight intraday changes, the foreign exchange market continues to show signs of greater openness and transparency. Authorized dealers say the Central Bank of Nigeria is maintaining liquidity in the system to meet the needs of manufacturers and institutional investors, a move aimed at preventing the sharp and unpredictable currency swings experienced in previous years.