Dollar To Naira Exchange Rate Today, February 2, 2026

• Dollar To Naira Exchange Rate Today, February 2, 2026

• Wide gap persists between CBN and parallel market rates

• Forex pressure remains amid strong demand and limited supply

The exchange rate between the United States Dollar and the Nigerian Naira remains a key concern for businesses, investors, importers, and everyday Nigerians as foreign exchange pressures persist.

EDITOR’S PICKS 

• Health Workers Warn as Antivenom Gaps Undermine Snakebite Treatment
• Tinubu Approves ₦40bn Zero-Interest Loans for University Lecturers, Staff
• 5 Health Risks Men Face After Age 40

EKO HOT BLOG reports that on Monday, February 2nd, 2026, the naira continued to trade at a wide margin between the official Central Bank of Nigeria rate and the parallel market rate.

At the black market, also known as the parallel market, the dollar exchanged at higher levels, reflecting sustained demand for foreign currency amid limited supply. This segment of the market remains the most referenced by small businesses, travelers, and individuals who rely on cash-based dollar transactions.

Below is the dollar to naira exchange rate for today across the black market and the official CBN window.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

The gap between the official and parallel market rates continues to highlight structural challenges in Nigeria’s foreign exchange market. Analysts note that demand from importers, manufacturers, and foreign obligations remains strong, while dollar inflows have not matched demand levels.

Market watchers advise Nigerians to monitor official CBN updates and verified forex dealers before engaging in currency transactions, as rates may change within the day depending on market activity.

FURTHER READING

• Home Alone Actress Catherine O’Hara Dies at 71
• ‎We Will Not Leave Nigerians Behind, Shettima Assures
• Ganduje – North Will Back Tinubu in 2027