Dollar To Naira Exchange Rate Today, September 1, 2026: Naira Takes Fresh Hit As Dollar Rises

How much is the US dollar selling for in the Nigerian black market, also known as the parallel market or Aboki FX?

Below is the latest Dollar-to-Naira exchange rate for Monday, August 31, 2026, based on rates obtained from Bureau De Change (BDC) sources in Lagos. The rates indicate how much traders are selling and buying the US dollar for in the parallel market.

How Much Is $1 to Naira Today on the Black Market?

In the Lagos parallel market on Monday, August 31, 2026, BDC operators were reportedly selling the US dollar at ₦1,405 and buying it at ₦1,390.

However, exchange rates can vary from one dealer or location to another and may change throughout the day.

It is also important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel or black market as an official foreign exchange market. Individuals seeking to conduct legitimate foreign exchange transactions are advised to use authorized banks and other approved channels.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

According to the figures provided, the CBN-linked rate on August 31, 2026, stood within the following range:

Disclaimer: Dollar-to-naira rates can fluctuate depending on market conditions, location, dealer, and transaction volume. The actual rate you receive when buying or selling foreign currency may therefore differ from the figures reported above.