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Naira sheds N7.09/$ at official FX market - NIGERIAN TRIBUNE

AUGUST 20, 2026

…Black market (Buying and selling rates): N1,400— N1,408

The Nigerian naira depreciated against the United States (US) dollar, trading at N1,350.4134 at the Central Bank of Nigeria (CBN) official foreign exchange (FX) window on Wednesday, August 19, 2026.

The data shared on the CBN’s official platform shows that the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,350.4134 per dollar and closed at N1,351.0000 per dollar.

The currency, which traded at an NFEM rate of N1,343.3202 on Tuesday, August 18, 2026, slightly depreciated by at least N7.09  after trading activities on Wednesday.

At the parallel market, the buying rate decreased by N3 while the selling rate decreased by N5 when compared to the previous trading rate on Tuesday, August 18, 2026.

According to AbokiFX, the Naira-to-dollar exchange rate at the black market on Tuesday, August 18, 2026, was N1,400 and  N1,408 per dollar for buying and selling rates, respectively.

MARKET NEWS

August 20 Naira sheds N7.09/$ at official FX market - NIGERIAN TRIBUNE August 20 Analysts expect inflation slowdown despite food price pressures - PUNCH August 20 ‘Single window processed N11.27bn payment in five months’ - PUNCH August 20 Dollar demand falls 35% as naira holds firm - PUNCH August 20 US 10-Year Treasury Yield Will Top 5% This Year, Survey Shows - BLOOMBERG August 19 Petrol Subsidy Removal Saved Nigeria N15.8trn In 30 Months – Oyedele - CHANNELS TV August 19 Weak sentiment wipes N544bn off equity market value - PUNCH August 19 NAFEM turnover rises to $1.41bn as FX activity rebounds - PUNCH August 19 Investors place N1.73tn bids as DMO allots FGN bonds - PUNCH August 19 Japan's 10-year bond yield hits a 30-year high as growth data disappoints - EURONEWS August 19 What happens if USD/JPY goes above 160? ‘Credibility falls further’ - INVESTING.COM August 19 How coordinated currency buying interventions work - INVESTING.COM August 19 Why are the U.S. and Japan trying to prop up the yen and what does it mean for Canada? - EURONEWS August 19 Nigerians pay more for cement than African neighbours – FCCPC August 19 FX, OMO push FMDQ seven-month turnover to N426.5tn - PUNCH August 19 Naira appreciates further against dollar - NAN August 19 Naira strengthens, gains N8/$ at official FX market - NIGERIAN TRIBUNE August 19 Naira gains as reserves surpass $52.5bn – CBN - PUNCH August 19 Nigerian Naira extends appreciation against US currency - DAILY POST August 19 CCPC Raises Alarm Over Possible Manipulation Of Cement Prices August 19 Naira rises further to five-month high of N1,343.32/$ on strong dollar liquidity - BUSINESSDAY August 19 FX exchange rate gaps widen to N60/$1 - THE NATION August 19 Naira rises further to five-month high of N1,343.32/$ on strong dollar liquidity August 18 Japan's 10-year bond yield hits a 30-year high as growth data disappoints - EURONEWS August 18 Naira depreciated 0.55% despite CBN’s $430m intervention – Meristem - PUNCH August 18 FGN Bond: DMO raises N5.86bn in August - DAILY TRUST August 18 CBN’s discount window rules drive Naira to five-month high - BUSINESSDAY August 18 DMO opens N1.1trn FGN bond offer as yields rise - DAILY TRUST August 18 Nigeria’s inflation rate stands at 40% – Ex-CIBN president counters NBS - DAILY POST August 18 CBN faces September rate decision as inflation eases to 15.43% - THE GUARDIAN

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