Dollar to Naira Exchange Rates Today

Dollar to Naira Exchange Rates Today — 10 January 2026
Parallel market rates trade near ₦1,490 per dollar in major cities.
Rate differences reflect ongoing forex supply and demand dynamics.

The Nigerian naira remained relatively steady against the US dollar on Saturday as currency market observers reported modest movements across both official and parallel market rates.

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EKO HOT BLOG reports that data from banking sources and the foreign exchange community show the naira holding within a familiar range despite ongoing pressures from demand for forex in trade and travel sectors.

The official exchange rate, set by the Central Bank of Nigeria through the interbank window, continues to be used for formal banking and international transactions. The parallel (black market) rate, determined by Bureau de Change operators, remains slightly higher due to grassroots supply and demand dynamics.

According to market indicators, 1 US dollar is exchanging around ₦1,440 in the official forex window, reflecting a stable position for formal transactions. In the parallel market, traders quoted rates near ₦1,475 (buying) and ₦1,490 (selling) in major commercial centres such as Lagos and Abuja. These figures show a modest spread between official and informal rates, a pattern observers say underscores ongoing foreign exchange supply constraints and varied market demand.

Dollar to Naira Exchange Rates 10 January 2026

Analysts note that the gap between the two markets, though still present, is narrower than in past months. They attribute the relative stability to improved forex inflows, continued CBN interventions, and cautious demand from importers, businesses, and travelers.