Dollar To Naira Exchange Rate Today, February 4th, 2026

• Dollar To Naira Exchange Rate Today, February 4th, 2026
• Black market rate trades far above official CBN window
• Exchange gap reflects continued pressure on forex supply

The exchange rate between the United States dollar and the Nigerian naira remains a key concern for businesses, investors, and individuals tracking the country’s economic direction.

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EKO HOT BLOG reports that on Tuesday, February 4th, 2026, the naira continued to trade at a wide margin between the official Central Bank of Nigeria rate and the parallel market, reflecting ongoing pressure on foreign exchange supply.

In the black market, also known as the parallel market, the naira exchanged at a higher rate against the dollar compared to the official window. Currency dealers attributed the persistent gap to sustained demand for dollars by importers, limited inflows, and cautious participation by foreign investors amid global economic uncertainties.

Below is a breakdown of the dollar to naira exchange rates for today.

Dollar to Naira Black Market Rate Today

At the official market, the Central Bank of Nigeria recorded lower rates, reflecting continued intervention and regulatory controls aimed at stabilising the naira and curbing speculative trading.

Dollar to Naira CBN Rate Today

Financial analysts note that while the CBN’s measures have helped moderate sharp swings, the gap between the two markets remains a signal of underlying structural challenges. Market watchers advise individuals and businesses to stay informed and plan foreign exchange transactions carefully as volatility persists.

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