Dollar to Naira exchange rate today, January 6, 2026

The Nigerian naira held a relatively stable position against the United States dollar in early trading on Tuesday, January 6, 2026, across both the official and parallel foreign exchange markets.

Figures from the Nigerian Foreign Exchange Market (NFEM) show that the naira opened the week with only marginal movements. As of Tuesday morning, the official exchange rate was quoted at about ₦1,431.47 to the dollar, reflecting a slight appreciation from levels around ₦1,440 recorded in the first few days of the year.

At the parallel market, also known as the black market, the naira continued to trade at a weaker rate. Bureau De Change (BDC) operators in major cities, including Lagos, Abuja, and Kano, exchanged the dollar within the range of ₦1,495 to ₦1,510. The persistent gap between the official and parallel market rates remains a key concern for investors and policymakers, as the Central Bank of Nigeria (CBN) sustains efforts to deepen liquidity and improve price discovery in the foreign exchange market.

Market analysts attribute the current stability to a balance between demand pressures, largely driven by school fees payments and seasonal import activities, and supportive factors such as CBN interventions and improved foreign portfolio inflows.

Despite the modest strengthening at the official window, analysts note that exchange rate volatility continues to affect the cost of living, with prices of imported goods remaining highly sensitive to movements in the naira.