Naira-Dollar Rate Gap Widens to ₦62 on August 30th

The Nigerian naira's value against the United States dollar varied across markets on August 30th, 2026. The official/mid-market rate stood at ₦1,348 per US dollar, while the parallel market saw a higher exchange rate of approximately ₦1,410.

This resulted in a difference of about ₦62 per dollar between the two markets. At the official rate, $100 would be equivalent to about ₦134,800, and $1,000 would be worth around ₦1.348 million.

Conversely, at the parallel market rate, $100 would exchange for about ₦141,000, while $1,000 would be approximately ₦1.41 million.