Dollar to Naira exchange rate today, August 11, 2026

On Tuesday, August 11, 2026, the Nigerian Naira maintained a steady position against the US dollar, trading around ₦1,368 in the official Nigerian Foreign Exchange Market (NFEM). The Central Bank of Nigeria's reference rate remained within the ₦1,360–₦1,370 band, with data from the CBN and FMDQ indicating the NFEM rate at approximately ₦1,368.22 per dollar.

The broader market benchmark also hovered around ₦1,368.37 per dollar, showing minimal fluctuation compared to the previous trading day. Meanwhile, the parallel market, often referred to as the black market, quoted the dollar at about ₦1,405. This resulted in a spread of roughly ₦37 between the official and street rates.

The current spread suggests moderate pressure in the retail foreign exchange segment, with the premium remaining significantly lower than the wider differentials observed during periods of high volatility in 2024 and 2025. The Central Bank of Nigeria asserts that the NFEM rate is determined by a volume-weighted average of transactions conducted in the official market, following the unification of Nigeria's exchange-rate windows.

Currency traders noted that demand from importers and manufacturers remained consistent. Additionally, improved foreign exchange liquidity from autonomous sources played a role in stabilizing the official exchange rate. It is important for individuals and businesses to note that the applicable exchange rate can vary slightly based on the specific bank, bureau de change, transfer platform, or transaction location.