- Dollar to Naira Exchange Rate Today, August 20, 2026
- USD to NGN Rate Today, August 20, 2026: How Much Is Dollar to Naira?
- Dollar to Naira Black Market Rate Today, August 20, 2026
The dollar to naira exchange rate remained a major focus of the Nigerian foreign exchange market on Thursday, August 20, 2026, as traders and businesses continued to monitor movements in both the official and parallel markets.
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EKO HOT BLOG reports that available market data showed that the naira traded around ₦1,344.86 per dollar in the broader USD/NGN market on August 20, while other live market sources placed the rate around ₦1,350.
Dollar to Naira Black Market Rate Today
In the parallel market, commonly referred to as the black market, the dollar was quoted at about ₦1,415 for buying and ₦1,428 for selling on August 20, according to available market data.
| Dollar to Naira Rate | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,415 | ₦1,428 |
The parallel market rate remained above the official market rate, reflecting the difference between prices available through informal foreign exchange channels and those in the official market.
Dollar to Naira CBN Rate Today
The Central Bank of Nigeria’s official exchange rate remained lower than the parallel market rate. Available data for August 20 placed the official rate at about ₦1,343.32 per dollar.
The CBN explains that its Nigerian Foreign Exchange Market rate is derived using a volume weighted average and represents the official exchange rate for the day.
| Dollar to Naira | CBN Rate |
| $1 | ₦1,343.32 |
USD to NGN Rate Today, August 20, 2026: How Much Is Dollar to Naira?
Recent official market data also showed that the naira had been trading within a relatively narrow range in the days leading up to August 20, while demand and foreign exchange liquidity continued to influence movements in the market.
