- Dollar to Naira Exchange Rate Today, February 3, 2026
- Official bank/CBN rate is around ₦1,396 per dollar.
- Forex market shows persistent gap between official and parallel rates.
The Nigerian currency continued to trade moderately steady against the United States dollar on Tuesday, February 3, 2026, offering mixed conditions for foreign exchange across official and parallel markets.
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EKO HOT BLOG reports that data from currency tracking platforms show that in the black market, also known as the Aboki or Bureau De Change (BDC) market, one US dollar was selling at around ₦1,455, while buyers offered about ₦1,435 for every dollar. The official rate released by market sources stood at approximately ₦1,396 per dollar.
The exchange rate differential highlights ongoing pressures in Nigeria’s foreign exchange market, even as interventions by monetary authorities seek to stabilise currency movements amid broader economic reforms. Analysts say such variances reflect differences in supply and demand between formal banking windows and less regulated cash markets.
Below is today’s dollar-to-naira exchange rate snapshot:
| Market Segment | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| Black Market (Aboki FX) | 1,435 | 1,455 |
| Official (CBN/Bank Rate) | – | 1,396 |
The stronger rates in the parallel market reflect continued demand for dollars for importers, travellers and businesses, while official channels maintain tighter controls and lower pricing.
Economists suggest that ongoing reforms, including foreign exchange policy adjustments and efforts to boost foreign reserves, may help narrow the gap between official and parallel market rates over time. Policymakers continue to monitor currency trends closely as part of broader efforts to stabilise the economy.
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