NGN black market rate on Aug 17, 2026: 1,387 per USD
On Monday, August 17, 2026, the US dollar traded at about 1,387 NGN on Nigeria's parallel (black) market at the close of observations. The day opened at 1,385 NGN, reached a high of 1,394 and a low of 1,381, a trading range of 12.49 NGN (0.90%).
Across 288 observations, the average price to buy dollars was 1,385 NGN and the average price received when selling dollars was 1,392 NGN. Over the session the Nigerian Naira weakened against the dollar (+0.14% from open to close).
Official rate vs black market rate on Aug 17, 2026
The official exchange rate published for Nigeria on this date was 1,359 NGN per USD. The parallel-market close of 1,387 NGN therefore implied a premium of +2.05% over the official rate — a moderate gap consistent with limited but functioning official access to foreign exchange.
How Aug 17, 2026 compares
Compared with the previous observed day (Aug 16, 2026, close 1,385 NGN), the rate moved +0.14%.
One week earlier (Aug 10, 2026) the close was 1,386 NGN, so the weekly change was +0.07%.
Thirty days earlier (Jul 18, 2026) the close was 1,387 NGN, a 0.00% move over the month.
How this daily figure is produced
ETCurrency samples Nigeria's USD/NGN parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Aug 17, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Nigerian Naira black market rate on Aug 17, 2026?
- The USD to NGN parallel market rate closed at approximately 1,387 NGN per US dollar on Monday, August 17, 2026, after trading between 1,381 and 1,394 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,385 to a close of 1,387 NGN, the parallel rate moved +0.14% on Aug 17, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,359 NGN per USD versus a parallel close of 1,387 NGN, a premium of +2.05%.
- Was the NGN black market rate higher or lower than the day before?
- Higher: the previous observed close was 1,385 NGN on Aug 16, 2026, a change of +0.14%.
Figures are aggregated parallel-market observations for Nigeria in UTC and are indicative only; they are not a quote to trade. See the full USD → Nigerian Naira history or today's live rate.