Dollar to Naira Exchange Rate on August 28, 2026

On August 28, 2026, the exchange rate for the US Dollar to Nigerian Naira at the Lagos Parallel Market was reported at ₦1407 for selling and ₦1395 for buying, according to sources from Bureau De Change (BDC). The Central Bank of Nigeria (CBN) does not acknowledge the parallel market and has directed individuals seeking to engage in foreign exchange transactions to approach their respective banks instead.

This reflects ongoing issues in Nigeria's foreign exchange market, where the official rates differ significantly from those in the black market.