- Dollar To Naira Exchange Rate Today, February 6th, 2026
- Black market shows rates around ₦1,440–₦1,450 per dollar.
- Official rates reflect moderated CBN forex interventions.
The Nigerian naira continues to trade against the United States dollar with noticeable variation between official and black market rates, reflecting ongoing foreign exchange pressures in the economy. As businesses, importers and individuals monitor currency movements, the gap between official and parallel market rates persists due to demand pressures and liquidity dynamics.
According to recent market data, 1 US dollar is exchanging for around ₦1,371 at the mid-market level, while black market rates — where most retail and informal dollar transactions occur — show higher values. These rates capture actual trading sentiment among currency dealers who balance availability and demand for dollars on any given day.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1,450 |
| Buying Rate | ₦1,440 |
*Black market rates are averages observed across major trading hubs such as Abuja and Lagos and can vary by location and dealer.
In the official market, which includes central bank and interbank activity, the naira trades at a lower rate compared with the parallel market. Official figures indicate that dollar transactions in regulated windows occur nearer to the mid-market values, influenced by Central Bank of Nigeria (CBN) policies and formal forex supply channels.
The dollar to naira rate remains a key barometer of economic stability in Nigeria, affecting prices of imported goods, inflation expectations, travel costs and business expenses. Foreign exchange volatility has been shaped by global market conditions as well as domestic monetary measures aimed at supporting liquidity and managing inflationary pressures.
Market watchers advise that individuals and businesses confirm prevailing rates with banks or Bureau De Change operators before executing large transactions, as exchange values can shift rapidly due to demand, supply and policy moves.
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