Dollar To Naira Exchange Rate Today

Dollar To Naira Exchange Rate Today – February 5, 2026
CBN official window shows rates between ₦1360 and ₦1387.
Forex pressures keep parallel market rates above official levels.

The Nigerian naira continued to trade under pressure against the United States dollar on Thursday, February 5, 2026, with notable differences between the parallel (black) market and the official exchange window.

EDITOR’S PICKS

EKO HOT BLOG reports that traders and analysts say the rate discrepancies reflect ongoing foreign exchange market dynamics, where demand for dollars remains strong amid fluctuating supply.

In the black market widely referred to as Aboki FX currency dealers quoted the dollar at higher rates compared with official figures, with demand from importers, travellers and businesses continuing to influence pricing.

Below are the latest dollar to naira exchange rates for today:

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Selling Rate	₦1460
Buying Rate	₦1440

At the official window, where rates are influenced by the Central Bank of Nigeria (CBN) and formal forex channels, the dollar traded lower reflecting regulated market activity.

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Highest Rate	₦1387
Lowest Rate	₦1360

According to independent exchange rate trackers, the official naira mid-market rate which represents interbank activity has shown relative stability near market support levels amid improved liquidity conditions. This comes as the CBN maintains efforts to moderate extreme volatility in the foreign exchange sector.

Despite official interventions, black market rates continue to reflect real-time demand pressures, often higher than official values. Traders advise Nigerians to compare rates with banks or Bureau De Change operators before executing transactions as prices can vary by location, volume and timing.