Naira to Dollar official/black market rates today, Friday, January 30, 2026

The Nigerian naira closed January 2026 on a firm note, trading around ₦1,391 to the United States dollar at the official market during the final session of the month, as confidence continued to improve.

The local currency remained close to the 1,390 level in the official window, supported by steady liquidity and stronger investor sentiment.

Official Market Trends

Trading at the Nigerian Foreign Exchange Market opened on a positive note, with the naira quoted at about ₦1,388.07 per dollar.

Early activity on Friday showed mild movements as companies adjusted to end-of-month obligations. By mid-morning, the rate settled near ₦1,391.00.

This performance followed a strong week in which the naira moved past the 1,400 psychological mark, a key level watched by traders.

Financial analysts linked the stability to the Central Bank of Nigeria’s continued use of the Electronic Foreign Exchange Matching System and rising external reserves.

They said improved transparency has narrowed price gaps, making transactions more predictable for importers and exporters.

Parallel Market Conditions

The parallel market also remained calm, although it continued to trade at a premium to the official rate.

In Lagos, Abuja, and Kano, Bureau De Change operators quoted the dollar between ₦1,460 and ₦1,475.

Traders reported adequate dollar supply for travel allowances and small business needs, reducing the usual end-of-month pressure.

The absence of panic buying and speculative hoarding helped keep rates within a narrow range, easing concerns for households and small firms.

By the close of trading, the official market average stood near ₦1,391.00 per dollar, while the parallel market hovered around ₦1,467.

With inflation easing and the central bank maintaining close oversight, analysts expect the naira to carry this stability into February.