Official Dollar to Naira Rate Today, 9 February 2026

Dollar to Naira Rate Today, 9 February 2026
Black market quotes near ₦1,450–₦1,460 per dollar.
Naira shows stability amid improved forex liquidity in February.

On Monday, 9 February 2026, the Nigerian naira maintained relative stability against the United States dollar following consistent forex market activity over the weekend.

EDITOR’S PICKS

EKO HOT BLOG reports that the local currency continued to benefit from improved foreign exchange liquidity and interventions in the official market, even as differences between official and parallel (black market) rates persisted.

Here are today’s dollar to naira exchange rates:

Exchange Market	Buying Rate (₦ per $1)	Selling Rate (₦ per $1)
Official / CBN	₦1,365	₦1,366
Official Market Value	₦1,365.07	—
Black Market	₦1,450	₦1,460

Official and Central Bank figures reflect the rates at which commercial banks and authorised dealers transact. Black market rates, often higher, represent informal trading levels reported in Lagos, Abuja, and other major cities. Rates can vary by location and time of day.

Market Context
The naira’s performance early in February showed signs of resilience. Official exchange data from recent sessions indicated the dollar trading around the mid-₦1,300s, reflecting a stronger local currency compared with earlier in the year. Improved forex inflows and supply through the Nigerian Foreign Exchange Market (NAFEM) contributed to this trend.

However, the parallel market continues to quote significantly higher rates due to sustained demand for hard currency among importers, travellers, and individuals purchasing dollars outside official channels. The premium between official and black market rates remains a key focus for businesses and individuals planning forex transactions.

What This Means for Consumers
Individuals and companies needing to convert dollars to naira should consider official bank rates for legal transactions, while understanding parallel market rates for comparative context. Rates can shift rapidly, so checking updated quotes before completing foreign exchange deals is advisable.