Dollar to Naira Exchange Rate Today, January 6, 2026: Naira Shows Stability

The Nigerian Naira remained relatively stable against the US Dollar in early trading on Tuesday, January 6, 2026, across both official and informal foreign exchange markets.

Data from the Nigerian Foreign Exchange Market (NFEM) showed the Naira opened the week with marginal fluctuations. As of Tuesday morning, the official exchange rate stood at about ₦1,431.47 per USD, reflecting a slight strengthening compared to early January rates that hovered around ₦1,440 per Dollar.

In the parallel or black market, the Naira continued to trade at a premium. Bureau De Change (BDC) operators in major cities including Lagos, Abuja, and Kano reported rates between ₦1,495 and ₦1,510 per USD. The gap between official and parallel market rates remains under close watch by investors and policymakers, as the Central Bank of Nigeria (CBN) seeks to maintain market liquidity and effective price discovery.

Market analysts attribute the current stability to a balanced mix of demand for school fees and seasonal business imports, supported by steady CBN interventions and improved foreign portfolio inflows.

Despite the modest appreciation in the official market, analysts caution that the cost of living and prices of imported goods remain sensitive to exchange rate volatility.

Opinion Nigeria News