Dollar to Naira Exchange Rate Today, February 6, 2026

As of early February 2026, the Nigerian Naira has exhibited steady performance against the United States Dollar. The currency has shown significant resilience in the official market, largely thanks to the consistent interventions by the Central Bank of Nigeria (CBN) and a transparent electronic trading framework.

On February 6, 2026, the Naira opened at a strong rate of 1,367.10 per dollar in the Nigerian Foreign Exchange Market (NFEM). Throughout the morning session, the exchange rate saw minor fluctuations, ultimately averaging 1,366.53 by mid-morning. This stability reflects a broader trend observed throughout the week, with the official exchange rate remaining below the 1,400 mark since the start of the month.

Analysts credit this sustained stability to several factors, including a moderating inflation rate of 15.15% and a steady Monetary Policy Rate (MPR) of 27.00%. These elements have contributed to bolstering investor confidence and reducing speculative demand in the foreign exchange market.

The parallel market, often sensitive to retail demand and speculative trends, remains relatively calm with a narrow spread compared to the official sector. In major commercial hubs like Lagos and Abuja, Bureau De Change operators are quoting the dollar between 1,445 and 1,460.

While the “black market” continues to trade at a premium over the NFEM rate, the gap has remained notably narrow for much of the week. Traders report that the absence of aggressive hoarding and a steady supply of dollars for personal travel and small business needs have prevented any major spikes. This stability suggests that the CBN’s efforts to channel more demand into the official window are continuing to bear fruit.

Summary of Rates for February 6
NFEM (Official) Opening: 1,367.10
NFEM (Official) Current: 1,366.53
Parallel Market Range: 1,445 – 1,460

As the week concludes, market watchers remain optimistic about the Naira’s trajectory. With the 2026 macroeconomic outlook projecting further stability, the local currency is expected to enter the second week of February with a strong foundation. The focus for investors will now shift to the impact of upcoming treasury bill auctions and their potential effect on overall market liquidity.