The Nigerian Naira opened the first full trading week of 2026 on a steady note in the informal foreign exchange market as post-holiday remittance inflows continued to balance renewed business demand.
As of Monday, January 5th 2026, the Dollar to Naira Black Market exchange rate stands at ₦1,455 per dollar for buying and ₦1,465 per dollar for selling, based on verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other major FX trading centres.
The start of the year typically brings a shift in FX dynamics. While holiday travel demand has slowed, businesses are resuming imports, schools are preparing for new academic sessions, and families are settling overseas obligations. At the same time, diaspora remittance inflows from December are still circulating through the Black Market, helping prevent sharp price movements.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Mon, Jan 5, 2026 | Black Market | 1,455 | 1,465 | +₦5 ▲ |
| Tue, Dec 30, 2025 | Black Market | 1,450 | 1,460 | — |
| Official Rate (CBN) | — | — | — | See https://www.cbn.gov.ng |
Rates compiled from daily market checks and validated using updates published by https://investorsking.com.
How Much Is Dollar to Naira Today in Black Market
The Dollar to Naira Black Market exchange rate today is trading within the ₦1,455 – ₦1,465 range across major commercial locations. Dealers report that most transactions are closing close to the selling rate as business activity picks up after the New Year holiday.
Traders say liquidity remains adequate, largely because a large portion of December’s diaspora remittances is still being converted in the market. This has helped cushion demand from importers and families resuming foreign currency transactions in early January.
For official FX benchmarks and regulated exchange-rate information, the Central Bank of Nigeria remains the authoritative reference point:
https://www.cbn.gov.ng
What Is Driving Today’s Exchange Rate
Several factors are influencing pricing dynamics in the Black Market at the start of 2026:
🔹 Resumption of Import Activity
Businesses are reopening and placing fresh orders for goods, increasing wholesale dollar demand.
🔹 School Fees and Education Payments
Families are sourcing foreign currency to pay tuition and accommodation fees for students studying abroad.
🔹 Post-Holiday Remittance Liquidity
Diaspora funds sent in December are still circulating, supporting dollar supply.
🔹 Balanced Trading Sentiment
Traders report moderate demand and stable supply, preventing sharp swings in pricing.
🔹 Supportive Oil Prices
Global crude oil prices holding above $85 per barrel continue to support Nigeria’s FX earnings outlook.
These factors explain why the Naira has remained relatively stable despite renewed business demand.
Impact on Businesses and Households
The current Black Market exchange rate has important implications across the economy:
Positive Developments
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Dollar availability remains strong due to remittance flows
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Businesses can plan import costs with greater certainty
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Households making tuition or travel payments face manageable FX costs
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Market confidence remains higher than earlier in 2025
Ongoing Risks
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Import-dependent sectors still face elevated input costs
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SMEs remain exposed to FX volatility
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Heavy reliance on the parallel market continues
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Inflation pressures could re-emerge if FX stability weakens
Economists note that early-year stability provides a positive base, but January’s full business cycle could test the market.
Market Outlook
Analysts expect the Naira to trade within a relatively tight range during the first half of January as remittance inflows gradually taper and import activity increases.
Projected short-term trading range: ₦1,450 – ₦1,480 per dollar
Key factors to watch include:
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Pace of January import financing
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Ongoing remittance inflows
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Oil price performance
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Any FX liquidity measures by the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Monday, January 5th 2026, stands at:
-
₦1,455 per dollar for buying
-
₦1,465 per dollar for selling
For reliable daily FX updates and trusted market analysis, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As Nigeria enters 2026, the balance between remittance inflows and renewed economic activity will remain the key driver of Naira performance in the Black Market.