Dollar To Naira Exchange Rate Today, January 12, 2026

• Dollar To Naira Exchange Rate Today, January 12, 2026
• Dollar To Naira Black Market And CBN Rates On January 12
  USD To NGN Rate Today As Naira Remains Under Pressure

The exchange rate between the United States dollar and the Nigerian naira remained under pressure on Monday, January 12, 2026, as demand for foreign currency continued to outweigh supply across official and unofficial markets.

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EKO HOT BLOG reports that at the black market, also known as the parallel market, the naira traded weaker against the dollar, reflecting ongoing concerns around forex liquidity, import demand, and speculative pressure. Currency traders in major hubs such as Lagos and Abuja said transactions remained active, with rates fluctuating slightly during the day.

Below is a breakdown of the dollar to naira exchange rate across markets today.

At the official window, data from the Central Bank of Nigeria showed the dollar traded within a band of ₦1420 to ₦1430. The gap between the official and parallel market rates highlights continued pressure on the naira, despite recent policy efforts to stabilise the foreign exchange market.

Economic analysts note that sustained demand for dollars by importers, foreign obligations, and travel needs continues to strain the local currency. While the CBN has reiterated its commitment to market driven pricing and improved transparency, traders say confidence remains cautious.

Market watchers also point to external factors such as global oil prices and foreign investment inflows as key elements that could influence naira performance in the coming weeks. Until dollar liquidity improves significantly, the naira is expected to remain volatile across markets.

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