The Nigerian Naira continued to trade under moderate pressure in the informal foreign exchange market on Tuesday as January demand for foreign currency remained strong across major commercial centres.
As of Tuesday, January 13th 2026, the Dollar to Naira exchange rate in the parallel market stood at ₦1,462 per dollar for buying and ₦1,472 per dollar for selling, based on verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other key FX trading hubs.
By mid-January, foreign exchange demand typically increases as importers restock inventories, schools resume full academic sessions, and companies begin settling overseas obligations for the new financial year.
While remittance inflows from December continue to provide some support, their impact is gradually fading, allowing demand to exert more influence on the Dollar to Naira rate.
Dollar to Naira Black Market Rate Overview
| Date |
Market Type |
Buying Rate (₦) |
Selling Rate (₦) |
Movement |
| Tue, Jan 13, 2026 |
Black Market |
1,462 |
1,472 |
−₦3 ▼ |
| Mon, Jan 12, 2026 |
Black Market |
1,465 |
1,475 |
— |
| Official Rate (CBN) |
— |
— |
— |
See https://www.cbn.gov.ng |
Rates compiled from daily market checks 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 ₦1,462 – ₦1,472 range across most commercial locations. Dealers report that most transactions are closing near the selling rate as businesses and individuals continue to source dollars for imports, tuition, and overseas living expenses.
BDC operators say that although demand remains elevated, the market is still being supported by the final wave of December remittances that are being converted into naira. This has helped prevent sharp price jumps despite strong buyer activity.
For official FX benchmarks, regulated exchange rates, and interbank data, the Central Bank of Nigeria remains the authoritative reference point:
https://www.cbn.gov.ng
What Is Driving Today’s Dollar to Naira Rate
Several key factors are shaping today’s pricing dynamics in the parallel market:
🔹 Increased Import Activity
Businesses are returning to full operations and placing new orders for goods, increasing wholesale demand for dollars.
🔹 Education and Living Expenses Abroad
Families are sourcing foreign currency to pay tuition fees, accommodation, and living costs for students studying overseas.
🔹 Gradual Decline in Remittance Support
While December’s diaspora remittances are still present, inflows are no longer at peak levels, reducing supply pressure.
🔹 Balanced Trading Conditions
Traders report steady two-way flows with limited speculative hoarding, allowing prices to adjust smoothly.
🔹 Supportive External Environment
Global crude oil prices above $85 per barrel continue to support Nigeria’s foreign exchange earnings outlook, strengthening overall market confidence.
These factors explain why the Dollar to Naira rate remains under moderate pressure but within a controlled range.
Economic Impact on Businesses and Households
The current movement in the Dollar to Naira exchange rate carries important implications:
Positive Developments
-
Dollar availability remains adequate
-
Businesses can plan import costs within a predictable range
-
Households can still access FX for education and travel
-
Market volatility remains lower than earlier in 2025
Ongoing Challenges
-
Import-dependent sectors face rising input costs
-
SMEs remain vulnerable to FX fluctuations
-
Heavy reliance on the parallel market continues
-
Inflation risks may increase if the Naira weakens further
Economists note that sustained FX stability will be critical as January’s business cycle accelerates.
Market Outlook
Analysts expect the Dollar to Naira rate to remain under moderate pressure through mid-January as import and education-related FX demand continues to grow.
Projected short-term trading range: ₦1,460 – ₦1,485 per dollar
Key factors to monitor include:
Conclusion
The Dollar to Naira black market exchange rate today, Tuesday, January 13th 2026, stands at:
-
₦1,462 per dollar for buying
-
₦1,472 per dollar for selling
For accurate daily FX updates and trusted market insights, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As Nigeria moves further into 2026, the balance between rising business demand and tapering remittance inflows will remain the key driver of the Dollar to Naira exchange rate.
