- Dollar To Naira Rate Today, August 8, 2026: How Much Is $1 In Naira?
- Parallel market dealers sell the dollar for approximately ₦1,430 today.
- Exchange rates may vary depending on market conditions and location.
The dollar to naira exchange rate remains a major focus for Nigerians, businesses and investors as the local currency continues to trade at different rates across the official and parallel markets.
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EKO HOT BLOG reports that as of Saturday, August 8, 2026, the US dollar is trading at about ₦1,365 per $1 in the official market, based on the latest available market data.
The parallel market, commonly known as the black market, is trading at a higher rate, with the dollar selling for about ₦1,430.
| Market | Dollar Buying Rate | Dollar Selling Rate |
|---|---|---|
| Official Market | About ₦1,365 | About ₦1,365 |
| Parallel Market | About ₦1,415 | About ₦1,430 |
Dollar To Naira Today
Based on the latest available rates, Nigerians looking to buy dollars from the parallel market may need approximately ₦1,430 for $1.
Those selling dollars may receive around ₦1,415 for $1, depending on the location, dealer and prevailing market conditions.
The official market rate remains lower at approximately ₦1,365 to $1.
Exchange rates can change during the day because of movements in foreign exchange demand and supply.
The actual amount received or paid may vary depending on the exchange platform, bank, Bureau de Change operator or local currency dealer.
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