The Nigerian Naira traded slightly lower against the United States Dollar in the informal foreign exchange market on Tuesday as post-holiday business activity continued to pick up across major commercial centres.
As of Tuesday, January 6th 2026, the Dollar to Naira Black Market exchange rate stands at ₦1,452 per dollar for buying and ₦1,462 per dollar for selling, according to verified quotations from Bureau De Change (BDC) operators in Lagos, Abuja, Port Harcourt, Kano, and other FX trading hubs.
The first full business week of the new year has brought renewed demand for foreign currency as importers reopen supply chains and families resume overseas financial commitments. However, liquidity from diaspora remittances sent in December is still supporting supply in the Black Market, preventing sharp price movements.
Rates compiled from daily market checks and validated using updates published by https://investorsking.com.
The Dollar to Naira Black Market exchange rate today is trading within the ₦1,452 – ₦1,462 range across major commercial locations. Most transactions are settling near the selling rate as businesses source dollars to resume imports and households make tuition and travel payments.
Dealers report that while demand is increasing compared to late December, the market remains well supplied due to continued conversion of remittances received during the holiday period.
For official FX benchmarks and regulated exchange-rate information, the Central Bank of Nigeria remains the reference authority:
Several factors are shaping pricing dynamics in the Black Market at the start of 2026:
Importers are returning to the market after the holidays, increasing wholesale dollar demand.
Families are purchasing foreign currency to pay tuition, accommodation, and living costs for students overseas.
Diaspora funds sent in December are still being converted, supporting supply.
Traders report orderly trading with no major speculative hoarding.
Crude oil prices remaining above $85 per barrel continue to support Nigeria’s FX earnings outlook.
These factors explain why the Naira has experienced only a mild adjustment rather than a sharp move.
The current Black Market exchange rate has several implications:
Economists caution that sustained FX stability will be critical as January’s business cycle accelerates.
Analysts expect the Naira to trade within a relatively narrow band over the next few days as remittance inflows gradually taper and import demand increases.
The Dollar to Naira Black Market exchange rate today, Tuesday, January 6th 2026, stands at:
For accurate daily FX updates and trusted market analysis, Nigerians continue to rely on:
As Nigeria moves deeper into the new year, the balance between remittance inflows and rising business demand will remain the key driver of Naira performance in the Black Market.
