Dollar to Naira Exchange Rate Today February 6, 2026: CBN Rate vs Black Market (USD to NGN Update)

The Nigerian Naira sustained its positive momentum against the United States Dollar as the first trading week of February 2026 wrapped up on a stable note. Despite minor intraday adjustments, the local currency continued to show resilience in the official foreign exchange window, supported by ongoing Central Bank of Nigeria (CBN) interventions and the efficiency of the electronic trading system.

In the Nigerian Foreign Exchange Market (NFEM), the Naira opened trading on Friday, February 6, at ₦1,367.10 per dollar. As market activities progressed into the morning session, the rate recorded slight movements, settling around an average of ₦1,366.53.

This consistent performance highlights the relative stability that has defined the currency’s movement since the start of the month. Data from the apex bank indicates that the official exchange rate has remained below the ₦1,400 threshold throughout early February. Market analysts link this stability to easing inflation, currently at 15.15 percent, and the Monetary Policy Rate (MPR) held at 27.00 percent. These macroeconomic indicators have helped strengthen investor confidence while reducing speculative pressure on the Naira.

Activity in the parallel market has also remained relatively calm. In major commercial centers such as Lagos and Abuja, Bureau De Change operators quoted the dollar within a range of ₦1,445 to ₦1,460. Although the parallel market rate continues to trade at a premium compared to the official window, the margin between both markets has stayed narrower than usual in recent days.

Currency traders note that reduced speculative hoarding and steady availability of dollars for personal travel allowances and small business transactions have helped prevent sharp fluctuations. This trend suggests that the CBN’s strategy of redirecting more demand to the official market is yielding measurable results.

Exchange Rate Summary for February 6, 2026
NFEM Opening Rate: ₦1,367.10 per dollar
NFEM Mid-Morning Rate: ₦1,366.53 per dollar
Parallel Market Range: ₦1,445 to ₦1,460 per dollar

As the week closes, financial observers remain cautiously optimistic about the Naira’s short-term outlook. Attention is now turning to upcoming treasury bill auctions and their possible influence on market liquidity and currency demand in the days ahead. With projections pointing toward continued macroeconomic stability in 2026, the Naira is expected to begin the second week of February on a relatively strong footing.