Dollar to Naira Exchange Rate Tuesday, 13 January 2026

Dollar to Naira Exchange Rate Today Tuesday 13 January 2026
Black market sees higher rates at about ₦1,500–₦1,505.
Spread reflects ongoing FX market pressures in Nigeria.

The Nigerian Naira’s value against the United States dollar remained relatively stable on Tuesday, with the official market rate trading around ₦1,424 to ₦1,426 per US dollar.

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EKO HOT BLOG reports that this reflects a modest adjustment in the local foreign exchange market as demand for the greenback fluctuates in early 2026. Data from online FX trackers show that 1 USD equates to about ₦1,424.2 on the official market as of today.

Meanwhile, the parallel or black market rate continues to sit significantly higher, with bureau de change operators reporting the dollar selling for approximately ₦1,500 to ₦1,505. At these levels, the spread between official and black market exchange rates remains wide, reflecting persistent supply and demand imbalances that characterise Nigeria’s cash-for-dollars landscape.

Analysts note that while the exchange rate has eased compared with late December figures, pressure on the Naira persists as traders balance local economic uncertainties and broader global currency movements. The Central Bank of Nigeria’s ongoing FX reforms and efforts to increase dollar inflows aim to support stability, but the gap between official and parallel rates highlights continuing challenges in aligning foreign exchange supply with market needs.

For individuals and businesses requiring dollars, understanding both the official and parallel rates is essential for planning transactions, remittances and import costs. The official rate typically applies to bank-facilitated conversions and regulated channels, while the black market reflects on-the-ground realities for many small traders and individuals without direct access to official windows.

2026 Context:
The Naira ended 2025 stronger than in previous years, closing December at around ₦1,429 to the dollar, its first annual gain in more than a decade, signalling a degree of currency stability that has carried into January.

Table – Dollar to Naira Rates (13 January 2026)