Dollar To Naira Today: Black Market Rate Hits ₦1,430 On August 11

The naira-to-dollar exchange rate continues to fluctuate in Nigeria’s foreign exchange market, with rates varying depending on market conditions, demand and the availability of US dollars.

What is the Dollar to Naira Black Market Rate Today?

As of Tuesday, August 11, 2026, operators at the Lagos Parallel Market, commonly referred to as the black market, reportedly sell one US dollar for ₦1,430 and buy it at ₦1,415, according to sources within the Bureau de Change (BDC) market.

Dollar to Naira CBN Rate Today

The reported official rate shows the dollar trading within the following range:

The Central Bank of Nigeria (CBN) does not recognise the parallel or black market as an official foreign exchange market. The apex bank has advised individuals seeking foreign exchange to obtain it through authorised channels, including their respective banks.

Important Note:

Exchange rates can change hourly depending on the volume of US dollars available in the market and the level of demand.

This means the rate at which you buy or sell $1 today may change within a few hours, either increasing or decreasing, as market conditions fluctuate.

Disclaimer

NEWS IMPACT NG does not set or determine forex rates. Official NAFEX rates are obtained from the FMDQ OTC Securities Exchange, while parallel-market rates are sourced from various market sources and online media reports. Exchange rates may vary from one dealer or location to another, and the rate at which you buy or sell foreign currency may differ from the figures reported in this article.