Dollar To Naira Exchange Rate Today, January 5, 2026

• Dollar To Naira Exchange Rate Today, January 5, 2026

• Black market rate remains far above CBN official window.

• Forex scarcity and demand continue to pressure the naira.

The Nigerian naira continued to trade under pressure against the United States dollar on Monday, January 5, 2026, as foreign exchange demand remained strong across both the official and parallel markets.

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EKO HOT BLOG reports that market operators said the sustained gap between the Central Bank of Nigeria rate and the black market reflects ongoing dollar scarcity, weak inflows and persistent demand from importers, travellers and businesses seeking foreign currency for transactions.

At the parallel market, also known as the black market, the naira recorded slight movements compared to the previous day, while the official window maintained a relatively stable trading range.

Below is the exchange rate snapshot for today.

Data from currency traders showed that the black market rate remains significantly higher than the CBN window, highlighting the continued reliance on unofficial sources for quick dollar access. Analysts attribute this situation to limited foreign portfolio investments, reduced oil revenue inflows and cautious investor sentiment.

At the official market, the CBN rates traded within a narrower band, reflecting regulatory controls and managed supply. However, businesses argue that access to dollars at the official rate remains limited, forcing many to turn to the parallel market.

Experts say sustained improvement in export earnings, increased remittances and stronger investor confidence are critical to easing pressure on the naira in the coming weeks.

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