- Dollar To Naira Exchange Rate Today, January 30th, 2026
- Dollar trades between ₦1367 and ₦1400 at official window
- Analysts link pressure to forex supply challenges
The exchange rate between the United States dollar and the Nigerian naira remained under pressure on Thursday, January 30th, 2026, as demand for foreign exchange continued to outpace supply across official and parallel markets.
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EKO HOT BLOG reports that in the black market, also known as the parallel market, the naira traded weaker against the dollar, reflecting sustained demand from importers, travellers and businesses seeking foreign currency outside official channels. Market operators attributed the pressure to limited dollar liquidity and cautious market sentiment.
Below is a breakdown of the dollar to naira exchange rates across the black market and the Central Bank of Nigeria window.
Market Type
Buying Rate
Selling Rate
Black Market
₦1465
₦1480
CBN Official Window
₦1367 lowest
₦1400 highest
At the official market, data from the Central Bank of Nigeria showed that the dollar traded within a range of ₦1367 to ₦1400, indicating continued intervention by the apex bank to stabilise the naira and manage volatility.
Financial analysts say the wide gap between the official and black market rates highlights persistent structural challenges in Nigeria’s foreign exchange market, including low dollar inflows, reduced oil earnings and rising import demand.
They noted that until supply improves through increased exports, foreign investment inflows and stable crude oil production, pressure on the naira may persist in the near term.
Market watchers also advised businesses and individuals to closely monitor official CBN updates, as exchange rates remain highly sensitive to policy decisions, global oil prices and domestic economic indicators.
