- Dollar to Naira Exchange Rate Today, August 23rd, 2026
- The black market buying rate stands at ₦1,400 per dollar.
- CBN official rates range between ₦1,342 and ₦1,348 today.
The dollar to naira exchange rate remains a key focus for Nigerians, businesses and foreign exchange traders as the local currency continues to trade across the official and parallel markets.
As of Sunday, August 23, 2026, the dollar is being exchanged at different rates depending on the market. The black market rate is higher than the official rate, reflecting differences in demand and supply across the two markets.
| Dollar to Naira (USD to NGN) | Black Market Rate Today |
|---|---|
| Selling Rate | ₦1,410 |
| Buying Rate | ₦1,400 |
Dollar to Naira Black Market Rate Today
The dollar to naira black market, also known as the parallel market, is currently quoting the US dollar at ₦1,410 for selling and ₦1,400 for buying.
This means that buyers of US dollars may pay about ₦1,410 for $1, while those selling $1 may receive about ₦1,400.
Black market rates can vary between locations, dealers and individual transactions, making the figures subject to change during the day.
Dollar to Naira CBN Rate Today
The official exchange rate is determined through the Nigerian Foreign Exchange Market and published by the Central Bank of Nigeria. The CBN describes its NFEM rate as the official exchange rate for the day.
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | ₦1,348 |
| Lowest Rate | ₦1,342 |
Recent CBN data showed the official dollar rate around the ₦1,347 mark, while street rates remained higher.
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