Naira to Dollar Exchange Rate Today Shows Stability as CBN Supports Nigerian Currency
The Naira to dollar exchange rate today maintained a steady momentum as the first week of February 2026 drew to a close, with the local currency showing resilience against the United States dollar.
Despite slight intraday adjustments, the Naira to dollar exchange rate today continues to reflect the impact of the Central Bank of Nigeria’s (CBN) consistent interventions and a transparent electronic trading framework.
At the Nigerian Foreign Exchange Market, the Naira opened trading on Friday, February 6, at N1,367.10 per dollar. As the session progressed, the Naira to dollar exchange rate today recorded minor movements, settling around a mid-morning average of 1,366.53.
This trend highlights the stability that has defined the Naira to dollar exchange rate throughout the week. Data from the Central Bank of Nigeria shows the official rate has remained below the 1,400 mark since early February, supported by a moderating inflation rate of 15.15% and a steady Monetary Policy Rate of 27.00%, both of which have strengthened investor confidence and reduced speculative pressure.
In the parallel market, which is often influenced by retail demand, trading has remained calm with a narrow spread compared to the official window. In Lagos and Abuja, Bureau De Change operators are quoting the dollar between 1,445 and 1,460, reflecting a controlled premium over the official Naira to dollar exchange rate today.
Although the black market continues to trade above the NFEM rate, the gap has stayed relatively tight throughout the week. Traders attribute this to the absence of aggressive hoarding and the steady availability of dollars for personal travel and small business needs, suggesting that CBN policies aimed at directing demand to the official market are yielding results.
As the week wraps up, market analysts remain optimistic about the outlook of the Naira to dollar exchange rate. With Nigeria’s 2026 macroeconomic projections pointing to continued stability, attention is now turning to upcoming treasury bill auctions and how they may influence liquidity and currency performance in the days ahead.
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