NGN black market rate on Aug 23, 2026: 1,390 per USD
On Sunday, August 23, 2026, the US dollar traded at about 1,390 NGN on Nigeria's parallel (black) market at the close of observations. The day opened at 1,380 NGN, reached a high of 1,390 and a low of 1,379, a trading range of 11.18 NGN (0.81%).
Across 288 observations, the average price to buy dollars was 1,383 NGN and the average price received when selling dollars was 1,389 NGN. Over the session the Nigerian Naira weakened against the dollar (+0.69% from open to close).
Official rate vs black market rate on Aug 23, 2026
The official exchange rate published for Nigeria on this date was 1,341 NGN per USD. The parallel-market close of 1,390 NGN therefore implied a premium of +3.63% over the official rate — a moderate gap consistent with limited but functioning official access to foreign exchange.
How Aug 23, 2026 compares
Compared with the previous observed day (Aug 22, 2026, close 1,380 NGN), the rate moved +0.69%.
One week earlier (Aug 16, 2026) the close was 1,385 NGN, so the weekly change was +0.33%.
Thirty days earlier (Jul 24, 2026) the close was 1,386 NGN, a +0.29% 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 23, 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 23, 2026?
- The USD to NGN parallel market rate closed at approximately 1,390 NGN per US dollar on Sunday, August 23, 2026, after trading between 1,379 and 1,390 NGN.
- How much did the NGN move against the dollar that day?
- From an open of 1,380 to a close of 1,390 NGN, the parallel rate moved +0.69% on Aug 23, 2026.
- What was the gap between the official and black market NGN rate on that date?
- The official rate was 1,341 NGN per USD versus a parallel close of 1,390 NGN, a premium of +3.63%.
- Was the NGN black market rate higher or lower than the day before?
- Higher: the previous observed close was 1,380 NGN on Aug 22, 2026, a change of +0.69%.
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.