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Black Market Dollar To Naira Exchange Rate Today 16th August 2026

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Dollar To Naira Exchange Rate

The Black Market Dollar-to-Naira Exchange Rate for 16th August 2026 Can Be Accessed Below.

IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.

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Newsrain Nigeria has obtained the official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.

 

The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.

What’s the dollar to naira black market today, 16th August 2026?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1420 and buy at ₦1407 on Sunday, 16th August, 2026, according to sources at Bureau De Change (BDC). 
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1420
Buying Rate ₦1407

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1360
Lowest Rate ₦1356

Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

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