Dollar to Naira exchange rate today, August 5, 2026

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The naira traded around ₦1,362.55 per dollar at the Nigerian Foreign Exchange Market (NFEM) as the official market remained relatively stable at the start of the new trading day.

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Data published by the Central Bank of Nigeria showed that the official exchange rate closed at ₦1,362.55/$1 on August 4, with intraday trading ranging between ₦1,361 and ₦1,364.70. The NFEM rate is calculated using a volume-weighted average and serves as the country’s official benchmark.

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In the parallel market, commonly referred to as the black market, the dollar was quoted at about ₦1,415/$1 on Wednesday, according to AbokiFX market updates.

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The gap between the official and parallel market rates therefore stood at roughly ₦52 per dollar, indicating that demand for foreign currency in the informal market remains stronger than supply despite the relative calm in the official window.

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Other street-market trackers showed dealers buying dollars around ₦1,410 and selling near ₦1,425, suggesting that rates may vary across Lagos and other major trading hubs depending on transaction size and location.

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Market analysts said the naira has remained broadly range-bound in recent sessions, supported by continued central bank interventions and improved liquidity in the official market. Reuters reported that Nigeria’s currency has been trading within a relatively narrow band even as demand from importers and other dollar users persists.

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Compared with levels seen earlier in July, the official exchange rate has held close to the ₦1,360–₦1,365 range, while the parallel market has fluctuated around ₦1,405–₦1,425.

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For individuals and businesses making dollar transactions today, the applicable rates are approximately ₦1,362.55/$1 at the NFEM and ₦1,415/$1 in the parallel market, with actual buy and sell prices differing slightly among banks, bureaux de change, and street dealers.

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