🔥 Trending Dollar to Naira Exchange Rate Today: Latest Updates and Analysis

As of August 12, 2026, the exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) shows a notable difference between the official Central Bank of Nigeria (CBN) rate and the parallel (black) market rate.

Official Exchange Rate

The Central Bank of Nigeria's Nigerian Foreign Exchange Market (NFEM) reported the official exchange rate at approximately ₦1,364 to the dollar ⁵. This rate has shown only slight movement in recent trading sessions ⁵. Ria Money Transfer also quotes a rate of 1.00 USD = 1,362.93574857 NGN for reference ⁸.

Parallel (Black) Market Exchange Rate

The parallel market, often referred to as the black market, exhibits a higher exchange rate due to various market dynamics. On August 12, 2026:

• Average Rate: The average parallel market exchange rate for the US Dollar to Naira was around ₦1,415.00 ¹.
• Specific Rates:
• NgnRates.com reported a black market rate of ₦1,430 for selling USD ¹.
• Talentbase.ng reported a sell rate of ₦1,428 in major cities like Lagos, Kano, Abuja, and Port Harcourt ⁴.

It's important to note that parallel market rates can fluctuate and may vary slightly depending on the location and vendor ¹⁴.

Other Currencies

For context, the Euro (EUR) to Naira black market rate on August 12, 2026, was ₦1,620 for selling and ₦1,575 for buying ⁶.