- Dollar To Naira Exchange Rate Today, January 25th, 2026
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CBN rate remains stable within a narrow band.
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Exchange rates vary by location and transaction volume.
The naira traded within a familiar range against the United States dollar on Saturday, January 25th, 2026, as activities continued across the official and parallel foreign exchange markets. Market watchers say the exchange rate movement reflects sustained demand for dollars amid ongoing efforts by monetary authorities to stabilise the local currency.
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In the black market, also known as the parallel market, the dollar continued to exchange at higher levels compared to the official window. Traders attributed the gap to limited dollar supply and strong demand from importers, travellers and individuals seeking foreign currency for personal and business transactions.
Dollar To Naira Exchange Rate Today
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1482 | ₦1490 |
| CBN Official Rate | ₦1420 | ₦1423 |
At the official market, figures released showed that the Central Bank of Nigeria recorded a narrower trading band. The highest rate stood at ₦1423 per dollar, while the lowest rate settled at ₦1420, reflecting relative stability at the regulated window.
Analysts note that the difference between the official and black market rates continues to influence pricing, inflation expectations and business decisions across the economy. Import dependent sectors remain particularly sensitive to fluctuations in the parallel market, where access to forex is faster but more expensive.
Financial experts advise Nigerians to confirm prevailing rates with banks or Bureau De Change operators before concluding transactions, as rates may vary based on location, volume and timing. Exchange rates also fluctuate during the day due to market forces and liquidity levels.
