The Nigerian Naira traded slightly lower against the United States Dollar in the informal foreign exchange market on Tuesday as post-holiday business activity continued to pick up across major commercial centres.
As of Tuesday, January 6th 2026, the Dollar to Naira Black Market exchange rate stands at ₦1,452 per dollar for buying and ₦1,462 per dollar for selling, according to verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other FX trading hubs.
The first full business week of the new year has brought renewed demand for foreign currency as importers reopen supply chains and families resume overseas financial commitments. However, liquidity from diaspora remittances sent in December is still supporting supply in the Black Market, preventing sharp price movements.
Dollar to Naira Black Market Rate Overview
| Date | Market Type | Buying Rate (₦) | Selling Rate (₦) | Movement |
|---|---|---|---|---|
| Tue, Jan 6, 2026 | Black Market | 1,452 | 1,462 | −₦3 ▼ |
| Mon, Jan 5, 2026 | Black Market | 1,455 | 1,465 | — |
| 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 ₦1,452 – ₦1,462 range across major commercial locations. Most transactions are settling near the selling rate as businesses source dollars to resume imports and households make tuition and travel payments.
Dealers report that while demand is increasing compared to late December, the market remains well supplied due to continued conversion of remittances received during the holiday period.
For official FX benchmarks and regulated exchange-rate information, the Central Bank of Nigeria remains the reference authority:
https://www.cbn.gov.ng
What Is Driving Today’s Exchange Rate
Several factors are shaping pricing dynamics in the Black Market at the start of 2026:
🔹 Resumption of Import Activity
Importers are returning to the market after the holidays, increasing wholesale dollar demand.
🔹 Education and Living Expenses Abroad
Families are purchasing foreign currency to pay tuition, accommodation, and living costs for students overseas.
🔹 Ongoing Remittance Liquidity
Diaspora funds sent in December are still being converted, supporting supply.
🔹 Balanced Trading Sentiment
Traders report orderly trading with no major speculative hoarding.
🔹 Stable External Environment
Crude oil prices remaining above $85 per barrel continue to support Nigeria’s FX earnings outlook.
These factors explain why the Naira has experienced only a mild adjustment rather than a sharp move.
Impact on Businesses and Households
The current Black Market exchange rate has several implications:
Positive Signals
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Dollar availability remains adequate
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Businesses can plan import costs with more certainty
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Households face manageable FX expenses for tuition and travel
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Market confidence is higher than earlier in 2025
Ongoing Risks
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Import costs remain elevated
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SMEs remain exposed to FX volatility
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Dependence on the parallel market continues
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Inflation risks could re-emerge if stability weakens
Economists caution that sustained FX stability will be critical as January’s business cycle accelerates.
Market Outlook
Analysts expect the Naira to trade within a relatively narrow band over the next few days as remittance inflows gradually taper and import demand increases.
Projected short-term trading range: ₦1,450 – ₦1,480 per dollar
Key factors to watch include:
-
January import financing demand
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Ongoing remittance inflows
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Oil price movements
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Any FX liquidity measures by the CBN
Conclusion
The Dollar to Naira Black Market exchange rate today, Tuesday, January 6th 2026, stands at:
-
₦1,452 per dollar for buying
-
₦1,462 per dollar for selling
For accurate daily FX updates and trusted market analysis, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As Nigeria moves deeper into the new year, the balance between remittance inflows and rising business demand will remain the key driver of Naira performance in the Black Market.