- Dollar to Naira Rate Today, August 24, 2026: Black Market and CBN Exchange Rates
- The latest official rate stands at about ₦1,346.49 per dollar.
- Exchange rates may change during the day across different markets.
The dollar to naira exchange rate remains a key concern for Nigerians, businesses, importers and travellers as the foreign exchange market continues to experience daily price movements.
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EKO HOT BLOG reports that as of Monday, August 24, 2026, the US dollar is trading at about ₦1,415 to buy and ₦1,428 to sell in the parallel market, based on the latest available market figures.
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Black Market | ₦1,415 | ₦1,428 |
| CBN/NFEM | ₦1,346.49 | ₦1,346.49 |
At the official market, the latest available CBN/NFEM rate is about ₦1,346.49 per dollar, reflecting the most recent reported trading session.
The difference between the official and parallel market rates means Nigerians buying or selling dollars through different channels may receive significantly different rates.
The black market rate can also change several times during the day depending on dollar demand, availability and movements in the wider foreign exchange market.
For people sending money abroad, receiving foreign currency, paying for international services or purchasing dollars for travel, the applicable rate may therefore depend on the platform or market being used.
The naira exchange rate remains particularly important for importers because changes in the value of the dollar can affect the cost of imported goods and services. Movements in the exchange rate can also influence prices of products that depend heavily on imported materials.
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