Naira to Dollar official & black market rates today, Tuesday, January 13, 2026

Brown AJJan 13, 2026

The Nigerian naira traded within a tight range early on Tuesday, January 13, 2026, showing signs of calm against the United States dollar.

Dealers said the local currency remained steady as traders reacted to recent policy signals and improved liquidity conditions across the foreign exchange market.

Official market performance

At the Nigerian Foreign Exchange Market, the naira opened trading at about 1,424.24 to the dollar.

Live trading data showed mild movements during the morning session, with the currency touching a high of 1,425.56 and a low of 1,422.99.

This performance mirrors last week’s close, when the Central Bank of Nigeria posted a weighted average rate of 1,424.27 on January 9.

Analysts say the steady movement points to a consolidation phase as investors assess recent cash injections and monetary guidance from the apex bank.

In the parallel market, the dollar exchanged for between 1,450 and 1,465 naira, depending on transaction size and location.

Although the gap between official and street rates remains, traders say the difference has reduced compared with late December volatility.

Bureau De Change operators in Lagos and Abuja reported moderate dollar demand during early trading hours.

They noted that holiday travel and school fee payments are still supporting demand, despite weaker speculative activity.

Experts believe the naira’s short-term direction will depend on steady dollar supply to the official market.

Global crude oil prices and Nigeria’s foreign reserve position are also expected to play key roles.

While current levels suggest a mild recovery from December 2025 peaks, traders remain cautious.

Any sharp change in inflation figures or trade data could quickly affect market sentiment.