The Nigerian naira remained largely steady in early trading on Tuesday, January 13, 2026, holding within a narrow range against the US dollar across both the official and parallel markets.
At the official Nigerian Foreign Exchange Market (NFEM), the naira opened at about ₦1,424.24 to the dollar. Trading during the morning session showed only slight movements, with the rate touching a high of ₦1,425.56 and a low of ₦1,422.99. This performance is in line with last week’s close, as the Central Bank of Nigeria recorded a weighted average rate of ₦1,424.27 on January 9. The steady movement points to a brief period of calm as traders respond to recent liquidity support and monetary policy signals.
In the parallel market, the dollar exchanged for between ₦1,450 and ₦1,465, depending on location and transaction size. Although the gap between the official and unofficial markets remains, it has narrowed slightly. Bureau de Change operators in cities such as Lagos and Abuja say demand for dollars is moderate, noting that pressure has eased compared to the sharp volatility seen toward the end of 2025. However, expenses related to travel and school fees are still supporting demand.
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Dollar to Naira exchange rate today, January 9, 2026
Looking ahead, analysts say the naira’s direction will depend largely on the steady supply of foreign exchange to the official market, as well as global oil price movements. Attention is also on Nigeria’s foreign reserves, which play a key role in supporting the currency.
While current exchange rates suggest a mild recovery from December’s peak levels, the market remains cautious and sensitive to changes in inflation figures and international trade conditions.
