- Dollar To Naira Exchange Rate Today, January 29th, 2026
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CBN rate ranges between ₦1392 and ₦1415
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Forex demand keeps pressure on naira
The dollar to naira exchange rate remains a major concern for Nigerians as foreign exchange demand continues to pressure both official and parallel markets.
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EKO HOT BLOG reports that many individuals and businesses rely on the black market, also known as the parallel market or Aboki FX, due to limited access to dollars through commercial banks.
What is the dollar to naira exchange rate at the black market today?
Below is the dollar to naira black market exchange rate for Thursday, January 29, 2026, based on information obtained from Bureau De Change operators in Lagos.
How much is a dollar to naira today in the black market?
At the Lagos parallel market, traders are selling the dollar at ₦1485, while buying at ₦1475.
The Central Bank of Nigeria has repeatedly stated that it does not recognise the black market and has advised Nigerians seeking foreign exchange to approach authorised financial institutions.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate |
|---|---|
| Selling Rate | ₦1485 |
| Buying Rate | ₦1475 |
Meanwhile, the official exchange rate released by the CBN reflects transactions within the regulated banking system.
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Exchange Rate |
|---|---|
| Highest Rate | ₦1415 |
| Lowest Rate | ₦1392 |
Despite official interventions, the gap between the official and parallel market rates persists, driven by import demand, travel needs and limited dollar supply.
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