🔥 Trending Dollar to Naira Exchange Rate Today: Latest Updates

The exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) fluctuates, and there are typically two main rates to consider: the official Central Bank of Nigeria (CBN) rate and the parallel market (black market) rate.

As of July 30, 2026:

Official CBN Exchange Rate

The official exchange rate set by the Central Bank of Nigeria (CBN) for the US Dollar to the Nigerian Naira is:

• Buying Rate: ₦1,367.71 per USD ⁸
• Selling Rate: ₦1,366.71 per USD ⁸

This indicates that the dollar has seen a slight gain of 0.05% against the naira over the past 24 hours, making the naira weaker compared to the previous day ⁸.

Parallel Market (Black Market) Exchange Rate

The parallel market rate, often referred to as the black market rate, is widely tracked as it reflects the actual value of the naira in many daily transactions ². While specific real-time rates can vary slightly between different platforms, general indicators show the following:

• Mid-market rate: Approximately ₦1,363.61 per USD ³. For instance, $1,000 USD is currently worth around ₦1,363,610.00 ³.
• Other sources also track live dollar to naira black market rates, which are considered crucial for showing the actual value of the naira ²⁵.

It's important to note that the parallel market rate can differ from the official CBN rate and is often more volatile ². For the most up-to-the-minute conversions, currency converters provided by financial news outlets and specialized platforms can be utilized ¹⁴⁶.