Naira to Dollar official & black market rates today, Wednesday, January 7, 2026
The Nigerian naira traded around ₦1,432.00 per US dollar at the official market during early hours on Wednesday, January 7, 2026, signalling a cautious but steady start.
Market data from official and informal channels show the currency entering a calmer phase after the festive slowdown, with traders closely watching demand patterns as business activities resume.
Official Market Performance
At the Nigerian Foreign Exchange Market, the naira opened near ₦1,432.00 to the dollar. This represents a mild weakening from earlier levels around ₦1,428.00.
Analysts link the adjustment to renewed corporate demand for foreign exchange, especially for imports, as companies return to full operations for the new year.
Parallel Market Trend
In the parallel market, the naira continued to trade at a premium. Dealers in Lagos and Abuja quoted buying rates between ₦1,485.00 and ₦1,500.00 per dollar.
Although the gap with the official market persists, it remains far calmer than previous quarters, reflecting the impact of the Central Bank’s liquidity support measures.
Market Outlook
Attention is now turning to the Central Bank of Nigeria’s policy stance for the first quarter of 2026. Investors are watching closely for signals on increased dollar supply to authorised dealers.
By midday, official market rates are expected to close between ₦1,430.00 and ₦1,435.00, unless disrupted by unexpected late-session movements.
