Dollar to Naira exchange rate today, August 20, 2026

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The Nigerian naira continued to strengthen against the US dollar on Thursday, August 20, 2026, as improved dollar liquidity supported the local currency across the foreign exchange market.

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At the Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at about ₦1,344.45 as of the latest available rate on Thursday. A live currency-rate source recorded the USD/NGN rate at ₦1,344.45 as of 5:18 a.m. UTC.

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The latest movement follows the naira’s recent appreciation in the official market. Data from the Central Bank of Nigeria (CBN) showed the NFEM rate stood at ₦1,343.32 on August 18, while the currency had strengthened to around ₦1,350 per dollar at the close of trading on August 17.

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In the parallel market, the dollar was selling for about ₦1,404 on Thursday, according to Aboki Forex. The platform reported that the black-market rate for one US dollar stood at ₦1,404 on August 20.

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The parallel-market rate represents a premium of roughly ₦60 above the latest NFEM indication, highlighting the continuing gap between the official and street markets.

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Recent market reports have attributed the naira’s stronger performance to improved dollar supply and liquidity. AbokiFX reported on August 19 that the naira had risen to a five-month high of ₦1,343.32 per dollar at the official market amid stronger dollar liquidity.

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The CBN says the NFEM rate is derived using a volume-weighted average and serves as the official exchange rate for the day.

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For Nigerians buying dollars for travel, school fees, imports, remittances or other foreign-currency obligations, actual rates may vary depending on the bank, Bureau de Change operator, location and transaction size.

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The dollar-to-naira rate remains subject to changes during the trading day as demand and supply conditions evolve in both the official and parallel markets.

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