Naira to Dollar official & black market rates today, Friday, January 9, 2026

The Nigerian naira began the second week of January 2026 under mixed pressure, as traders assessed fresh liquidity moves by the Central Bank of Nigeria CBN.

Activity across official and informal markets showed cautious trading, with participants watching supply flows and policy signals for clearer direction.

Official Market Performance

At the Nigerian Foreign Exchange Market, the naira traded with mild movements during early sessions on Friday.

Figures from the FMDQ Securities Exchange showed an opening rate of about ₦1,424.84 per dollar.

By mid-morning on January 9, the rate eased slightly to around ₦1,426.73 per dollar.

The performance followed a week of moderate swings, with rates moving between ₦1,415.00 and ₦1,433.00.

Market analysts linked the trend to balanced inflows from autonomous sources and periodic central bank support for importers and manufacturers.

Parallel Market Trends

The naira continued to trade weaker at the parallel market compared with the official window.

Bureau De Change operators in Lagos and Abuja quoted the dollar between ₦1,480 and ₦1,505.

The wide gap between both markets remains a concern for the central bank’s exchange rate convergence efforts.

However, traders reported reduced panic buying compared with the final months of 2025.

Factors Shaping the Exchange Rate

Several elements are influencing current naira movements across markets.

Nigeria’s foreign reserves are reportedly stabilising, giving the central bank more room to support the currency.

Improved crude oil production has boosted foreign exchange inflows, strengthening liquidity at the official market.

Investors are also monitoring signals from the Monetary Policy Committee on interest rates and inflation control.

Analysts expect the naira to trade between ₦1,420 and ₦1,440 at the official window, barring major oil price or policy changes.