- Dollar to Naira Rates Today – 9 January 2026
- Parallel market rates trade higher at about ₦1,480 to ₦1,495 per dollar.
- Rate differences reflect ongoing forex supply and demand dynamics.
The Nigerian naira maintained relative stability against the US dollar on Friday with both official and informal market rates remaining closely aligned.
EDITOR’S PICKS
- DHQ Reacts to Public Debate Over US Nigeria Joint Airstrike
- NANS Mobilises Nationwide Protest Over Tax Reform Law
- Trump Pulls National Guard from US Cities
EKO HOT BLOG reports that data from banking sources and currency market traders show that the official exchange rate continues to hover around the figures seen at the start of the year, while parallel market (black market) rates reflect ongoing daily fluctuations in supply and demand for foreign exchange.
The official rate, guided by the Central Bank of Nigeria (CBN) through the interbank system, is typically used for formal banking and international transactions. Meanwhile, the parallel market remains active with Bureau de Change operators setting rates based on local demand, and these rates can vary slightly between Lagos, Abuja and other commercial hubs.
Below is a snapshot of the dollar to naira exchange rates as of 9 January 2026:
Dollar to Naira Exchange Rate — 9 January 2026
| Market Segment | Buying (₦) | Selling (₦) |
| Official (CBN / Interbank) | 1,435 | 1,440 |
| Parallel Market (Black Market) | 1,480 | 1,495 |
The official rate from banking sources shows the naira trading at about ₦1,435 to ₦1,440 per dollar, reflecting relative consistency in the formal forex window. The parallel market rate indicates slightly higher valuations, with Bureau de Change operators reportedly exchanging the dollar at around ₦1,480 (buying) and ₦1,495 (selling) in key trading centres.
Market analysts explain that daily shifts in the black market rates are common due to variations in accessible foreign currency and trader expectations. The gap between official and parallel rates, while narrower than in past months, continues to influence retail and business foreign exchange costs across Nigeria.
FURTHER READING
- Medical Emergencies Top Lagos Incident Reports as LSCCC Logs 11,127 Cases
- Obi Lacks Leadership Pedigree, Only a Madman Would Hand Him Power – Presidency
- FG Launches Nigeria Revenue Service, Phases Out FIRS
