- Dollar To Naira Exchange Rate Today, February 7th, 2026
- Official CBN rates remained lower than parallel market levels.
- Forex demand continues to pressure the local currency.
The dollar to naira exchange rate today, Saturday, February 7th, 2026, continues to reflect sustained pressure on the local currency across both the official and parallel markets. Demand for foreign exchange remains high, driven by import needs, travel expenses and limited dollar supply within the domestic market.
At the black market, also known as the parallel market, the naira traded weaker against the United States dollar compared to the official window. Traders attributed the continued gap between both markets to forex liquidity challenges and ongoing demand from businesses and individuals seeking quick access to dollars.
Below is the exchange rate table for today.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
|---|---|
| Selling Rate | ₦1450 |
| Buying Rate | ₦1435 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
|---|---|
| Highest Rate | ₦1373 |
| Lowest Rate | ₦1361 |
At the official market, the Central Bank of Nigeria maintained a lower exchange rate band compared to the black market. Analysts note that the persistent difference between both rates continues to influence pricing, inflation and business planning across sectors.
Currency watchers expect the naira’s movement in the coming days to depend largely on foreign inflows, policy signals from monetary authorities and overall market confidence. Nigerians are advised to monitor rates closely and rely on verified sources before engaging in forex transactions.
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