- Dollar to Naira Rate for Today, 1 January 2026.
- Parallel market rates range between ₦1,480 and ₦1,500 per dollar.
- Naira stability expected to continue amid easing inflation outlook.
Today, 1 January 2026, the exchange rate between the US dollar (USD) and the Nigerian naira (NGN) shows relative stability in both official and parallel markets, reflecting the impact of central bank measures and market forces.
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EKO HOT BLOG reports that according to currency data sources, the official exchange rate for 1 US dollar is approximately ₦1,460 on the Nigerian foreign exchange market. This figure represents the rate used by banks and formal trading platforms for foreign currency conversions. Wise
In the parallel market (black market), where currency trades informally outside regulated channels, the rate is higher. The dollar is trading around ₦1,480 to ₦1,500 per dollar. These rates are typically driven by supply and demand pressures and remain above the official window. Aboki Forex
Here’s a snapshot of today’s key dollar-to-naira rates:
| Exchange Window | Rate (₦/USD) |
|---|---|
| Official Market | 1,460 |
| Parallel Market | 1,480 – 1,500 |
Market Context and Outlook
The naira has shown signs of relative calm after periods of volatility in 2025. Analysts attribute this to moderated foreign exchange interventions by the Central Bank of Nigeria (CBN) and improved inflows from remittances and foreign investment.
Businesses surveyed by the CBN expect the naira to remain stable into 2026, driven by easing inflation and sustained policy support.
