Nigeria Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 13 January 2026

Key points:

Official CBN (NAFEM) Rate: ₦1,421.46 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Inflow of foreign portfolio investment (FPI); Supportive supply from non-bank corporate sources; CBN policy emphasis on exchange rate stability over rapid appreciation.
Top Tools: CBN Forex Portal, Aboki Fx

The Naira appreciated slightly at the official market on Monday, bolstered by renewed foreign investor inflows. Analysts anticipate the Central Bank will prioritize maintaining stability within the ₦1,350-₦1,450 band throughout 2026 through disciplined reserve management, rather than pushing for sharp gains.

FAQ

• What's the gap between CBN & black-market rates? The premium remains wide at approximately ₦68.54. The appreciation in the official market was not mirrored in the parallel market, which held flat at a much weaker rate, underscoring the persistent segmentation between the two markets.
• Will the naira strengthen further? The primary policy goal for 2026 is stability, not rapid appreciation. While inflows from foreign investors provide support, analysts expect the CBN to manage the currency within a predictable range (₦1,350-₦1,450) to avoid volatility, meaning significant strengthening beyond this band is not the central objective.
• How do oil prices affect rates? Oil revenue remains crucial for building the external reserves that give the CBN the capacity to implement its stability-focused policies. The current inflow from foreign portfolio investors is a positive complement, but the overarching strategy of "prudent reserve management" cited by analysts is fundamentally underpinned by the nation's earnings from crude oil.