The dollar-to-naira exchange rate continues to attract attention as Nigerians monitor movements in both the official and parallel foreign exchange markets.
As of Saturday, August 22, 2026, traders at the Lagos Parallel Market, commonly referred to as the black market or Aboki FX, were selling the US dollar for ₦1,410 and buying it for ₦1,400, according to sources within the Bureau de Change (BDC) sector.
How much is the dollar to naira today on the black market?
The latest reported black-market exchange rates are:
| Dollar to naira | Rate |
|---|---|
| Selling rate | ₦1,410 |
| Buying rate | ₦1,400 |
The Central Bank of Nigeria (CBN) does not recognise the parallel market. It has advised individuals seeking to conduct foreign exchange transactions to approach their respective banks.
Dollar to naira CBN rate today
The reported official exchange rate range is:
| Dollar to naira | Rate |
|---|---|
| Highest rate | ₦1,348 |
| Lowest rate | ₦1,342 |
It is important to note that the rate at which individuals buy or sell foreign currency may differ from the figures reported above, as exchange rates can vary depending on the market, location and transaction provider.