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Today’s Dollar to Naira exchange rate January 26, 2026
The Nigerian Naira opened the final week of January 2026 with a notable gain in the official market, as the currency continues to benefit from improved liquidity and strategic interventions by the Central Bank of Nigeria (CBN). Market participants are closely watching the convergence between official and informal rates as the business year gains full momentum.
Official Market Trends
In the Nigerian Foreign Exchange Market (NFEM), the Naira showed significant strength during the early trading session on Monday, January 26. The currency opened at a stronger position compared to last week’s close, with the exchange rate settling at approximately 1,413.41 per dollar.
This represents a steady appreciation from the 1,421.90 closing rate recorded at the end of the previous week. Financial analysts suggest that the Naira’s resilience is being driven by a combination of factors, including the clearance of FX backlogs and sustained inflows from crude oil sales and foreign portfolio investments. The current price discovery mechanism in the NFEM continues to reflect a transparent market environment, which has helped stabilize corporate demand.
Parallel Market Performance
The parallel market, also known as the black market, has mirrored the stability seen in the official window. In major currency hubs like Lagos, Abuja, and Kano, the dollar is currently trading within a range of 1,475 to 1,490.
While the parallel market still maintains a premium, the gap between the two windows remains relatively narrow compared to historical highs. Bureau De Change operators report that retail demand for personal travel and small-scale business transactions is being met by available supply, which has prevented any significant speculative spikes in the early hours of today’s trading.
Market Outlook and Summary
NFEM (Official) Current: 1,413.41
Parallel Market Range: 1,475 – 1,490
Key Drivers: Improved liquidity, sustained oil revenues, and transparent price discovery.
As the day progresses, traders are looking for signs of sustained volume in the NFEM to confirm the long-term direction of the currency for the remainder of the quarter. With the 2026 macroeconomic outlook projecting a further decrease in inflation and steady GDP growth, the Naira is expected to maintain its current range-bound stability.
The Confederation of African Football (CAF) has announced Morocco as winners of the 2025 Africa Cup of Nations.
The CAF Appeal Board ruled in favour of Morocco, declaring that Senegal forfeited the AFCON final by walking off the field during the game.
Morocco were awarded a 3–0 walkover victory.
This decision upholds Morocco’s appeal following the chaotic events in the match.
DAILY POST recalls that the Senegal team briefly walked off the pitch in protest after a controversial penalty was awarded to Morocco late in regulation time.
They were called back to the field by their captain, Sadio Mané, and later won the game 1–0.
CAF determined that this action constituted a violation of Article 84, or the equivalent regulations concerning refusal to play or abandoning the field.
Under AFCON rules, a team that refuses to continue playing or leaves the field without authorization faces elimination and forfeiture of the match.
A total of three operatives of different security agencies in Anambra State collapsed during the inauguration of Anambra State Governor, Prof Chukwuma Soludo, on Tuesday.
The incident happened during the parade at the Dr Alex Ekwueme Square in Awka.
The three operatives are one male police operative, another male operative of the Directorate of State Services (DSS) and a female operative of the Nigeria Security and Civil Defence Corps, NSCDC.
The police operative collapsed first, followed by the NSCDC operative, who slumped towards the end of the event and was later escorted to an ambulance, after she refused to be moved in a stretcher.
A source said the police operative was later resuscitated, but was still not stable, and was taken in an ambulance to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital, Amaku Awka.
The collapse of the service officers was attributed to fatigue and the long period of parade under harsh sunny weather.
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