- Dollar to Naira Exchange Rate Today, August 19, 2026
- The parallel market dollar sells for around ₦1,428 today.
- Naira remains relatively stable around the ₦1,350 official level.
The Nigerian naira is trading at around ₦1,349.54 per US dollar at the official market on Wednesday, August 19, 2026, while the parallel market is quoting the dollar at around ₦1,415 for buying and ₦1,428 for selling, according to market rate reports.
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EKO HOT BLOG reports that the latest official figure is based on the Nigerian Foreign Exchange Market rate published by the Central Bank of Nigeria. The CBN recorded an NFEM rate of ₦1,349.5372 per dollar on August 17, with a closing rate of ₦1,350.00.
| Dollar to Naira Rate | Rate |
|---|---|
| Official NFEM rate | ₦1,349.54/$ |
| Black market buying rate | ₦1,415/$ |
| Black market selling rate | ₦1,428/$ |
| $100 at official rate | ₦134,954 |
| $100 at black market selling rate | ₦142,800 |
| $500 at official rate | ₦674,770 |
| $500 at black market selling rate | ₦714,000 |
| $1,000 at official rate | ₦1,349,540 |
| $1,000 at black market selling rate | ₦1,428,000 |
Dollar to Naira Black Market Rate Today
In the parallel market, the dollar is being quoted at approximately ₦1,415 for buying and ₦1,428 for selling on August 19. This means a person selling $1 to a parallel market dealer could receive around ₦1,415, while someone buying $1 could pay about ₦1,428.
The parallel market rate remains above the official NFEM rate, with the difference reflecting separate pricing conditions across Nigeria’s foreign exchange market. Reports from other market trackers have also shown varying parallel market quotations, highlighting the fact that unofficial rates can differ by dealer, location and time of transaction.
How Much Is $100, $500 and $1,000 in Naira Today?
At the reported official rate of ₦1,349.54 per dollar, $100 is approximately ₦134,954, while $500 is worth about ₦674,770 and $1,000 is approximately ₦1.35 million.
Using the reported parallel market selling rate of ₦1,428, $100 would be approximately ₦142,800, while $500 would be ₦714,000 and $1,000 would be ₦1.428 million.
The exact amount received or paid can vary depending on the financial institution, authorised dealer or market used for the transaction. Official and parallel market rates should therefore not be treated as interchangeable.
Naira Performance
The naira has remained relatively stable around the ₦1,350 per dollar level in the official market in recent trading sessions. Market data showed USD/NGN around ₦1,350 on August 18, with the naira recording a marginal movement from the previous session.
For Nigerians monitoring the foreign exchange market, the official NFEM rate remains the appropriate benchmark for regulated transactions, while parallel market quotations can fluctuate during the day based on demand and supply.
Dollar to Naira rate today, August 19, 2026: $1 = approximately ₦1,349.54 officially, while the parallel market rate is around ₦1,415 buying and ₦1,428 selling.
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