The Nigerian Naira maintained its recent gains against the United States Dollar in the informal foreign exchange market on Tuesday as stable liquidity conditions continued to support the local currency.
As of Tuesday, February 10th 2026, the Dollar to Naira exchange rate in the black market stands at ₦1,450 per dollar for buying and ₦1,455 per dollar for selling, according to verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other major trading hubs.
The narrowing spread between buying and selling rates signals improved balance between demand and supply in the parallel market. Compared to late January levels when the Dollar to Naira rate approached ₦1,500, the current pricing reflects steady appreciation of the Naira in early February.
Dollar to Naira Black Market Rate Overview
| Date |
Market Type |
Buying Rate (₦) |
Selling Rate (₦) |
Movement |
| Tue, Feb 10, 2026 |
Black Market |
1,450 |
1,455 |
−₦5 ▼ |
| Mon, Feb 9, 2026 |
Black Market |
1,450 |
1,460 |
— |
| 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 ₦1,450 – ₦1,455 range across key commercial cities. Dealers report that transactions are settling steadily at these levels, reflecting improved liquidity and contained demand.
BDC operators say importer demand remains moderate, while exporter inflows and private sellers continue to support supply. The tighter spread between buying and selling rates suggests increased market confidence and reduced volatility in the Dollar to Naira exchange rate.
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 Behind Today’s Dollar to Naira Movement
Several factors are influencing the Dollar to Naira exchange rate in today’s trading session:
🔹 Improved Dollar Liquidity
Exporters and private holders are supplying sufficient foreign currency to meet demand.
🔹 Reduced Speculative Activity
Lower expectations of short-term depreciation have minimized hoarding behavior.
🔹 Stable Import Financing
February procurement cycles are progressing at a steady pace without excessive demand spikes.
🔹 Supportive Oil Market
Global crude oil prices remain stable, strengthening Nigeria’s foreign exchange earnings outlook.
🔹 Positive Market Sentiment
Consecutive days of rate stabilization have improved confidence in the Naira.
These combined dynamics explain the steady performance of the Dollar to Naira exchange rate.
Economic Implications
The current Dollar to Naira rate carries several implications:
Positive Developments
-
Lower short-term import cost pressure
-
Improved planning certainty for businesses
-
Reduced FX market volatility
-
Potential easing of inflationary concerns
Remaining Structural Risks
-
Exchange rates remain elevated compared to historical averages
-
Sustained liquidity inflows are necessary
-
External shocks could affect stability
Economists note that continued exporter inflows and consistent FX policy support will be crucial to maintaining stability in the Dollar to Naira exchange rate.
Market Outlook
Experts expect the Dollar to Naira exchange rate to remain within a narrow band if current liquidity conditions persist.
Projected short-term trading range: ₦1,440 – ₦1,465 per dollar
Market participants will monitor:
Conclusion
The Dollar to Naira black market exchange rate today, Tuesday, February 10th 2026, stands at:
-
₦1,450 per dollar for buying
-
₦1,455 per dollar for selling
For reliable daily foreign exchange updates and trusted market insights, Nigerians continue to rely on:
https://investorsking.com
https://www.cbn.gov.ng
As February progresses, improved liquidity and steady demand conditions will continue to shape the direction of the Dollar to Naira exchange rate in the black market.
