The Nigerian Naira traded slightly weaker against the United States Dollar in the informal foreign exchange market on Friday as renewed buying interest offset the improved liquidity seen earlier in the week.
As of Friday, February 6th 2026, the Dollar to Naira exchange rate in the black market stands at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, according to verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other major FX trading centres.
The marginal adjustment reflects moderate demand from importers and individuals making overseas payments ahead of the weekend. Although the Naira had strengthened in previous sessions, today’s pricing suggests the Dollar to Naira exchange rate remains sensitive to short-term shifts in supply and demand.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Fri, Feb 6, 2026 | Black Market | 1,455 | 1,465 | +₦5 ▲ |
| Thu, Feb 5, 2026 | Black Market | 1,450 | 1,460 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates compiled from daily market surveys and verified using updates published by https://investorsking.com.
How Much Is Dollar to Naira Today in Black Market
The Dollar to Naira exchange rate today in the black market is trading within the ₦1,455 – ₦1,465 range across major cities. Dealers report that transactions are closing near the selling rate as buyers increase activity before the weekend.
BDC operators say importer demand remains steady, particularly from businesses securing foreign currency for upcoming shipments. Families making overseas tuition and travel payments have also contributed to market activity. While dollar supply remains adequate, today’s modest uptick in the Dollar to Naira rate reflects stronger buying momentum compared to earlier sessions.
For official exchange-rate benchmarks, interbank data, and regulatory guidance, the Central Bank of Nigeria remains the authoritative source:
https://www.cbn.gov.ng
Key Drivers of Today’s Dollar to Naira Movement
Several factors are influencing the Dollar to Naira exchange rate in today’s trading session:
🔹 Weekend Positioning
Some traders and businesses prefer holding dollars ahead of the weekend, increasing demand.
🔹 Ongoing Import Financing
Early-February procurement cycles continue to generate steady FX demand.
🔹 Balanced Liquidity Conditions
While exporters and private sellers remain active, buying interest has increased.
🔹 Reduced Speculative Pressure
Compared to January’s volatility, speculative activity remains limited.
🔹 Stable Oil Prices
Global crude oil prices remain supportive of Nigeria’s FX earnings outlook.
These combined factors explain the moderate increase in the Dollar to Naira exchange rate today.
Economic Implications
The current Dollar to Naira rate carries mixed implications for the Nigerian economy:
Positive Signals
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FX liquidity remains accessible
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Market volatility remains controlled
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Businesses can plan short-term procurement costs
Ongoing Challenges
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Exchange rates remain elevated relative to historical levels
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Import costs continue to impact SMEs
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Inflationary risks persist if depreciation resumes
Economists note that while today’s movement is modest, sustained supply improvements are necessary to maintain stability in the Dollar to Naira exchange rate.
Market Outlook
Experts expect the Dollar to Naira exchange rate to remain within a relatively narrow band as February progresses, provided liquidity conditions remain stable.
Projected short-term trading range: ₦1,445 – ₦1,475 per dollar
Market participants will monitor:
Conclusion
The Dollar to Naira black market exchange rate today, Friday, February 6th 2026, stands at:
-
₦1,455 per dollar for buying
-
₦1,465 per dollar for selling
For reliable daily foreign exchange updates and trusted market analysis, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As February continues, the balance between steady demand and improving liquidity will determine the direction of the Dollar to Naira exchange rate in the black market.