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    The naira continued to hold steady against the US dollar on Friday, August 14, 2026, with the greenback trading at ₦1,364.83 in the official market and around ₦1,405 in the parallel market.

    The latest rates indicate that the local currency has maintained a relatively stable position in recent trading sessions, despite continued demand for foreign exchange.

    How much is the dollar today?

    At the official Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at ₦1,364.83, according to data from the Central Bank of Nigeria.

    The CBN said the NFEM rate is calculated using the volume-weighted average of completed foreign exchange transactions.

    In the parallel market, the dollar sold for about ₦1,405 in Lagos and other major trading locations.

    The difference between both rates stood at approximately ₦40 per dollar.

    Naira market remains relatively calm

    The modest gap between the official and parallel rates suggests that foreign exchange conditions have remained more stable than during periods of intense volatility in 2024 and 2025.

    Currency dealers said trading was cautious on Friday, with demand from importers and individuals largely matched by available dollar supply.

    Foreign exchange inflows from exporters, diaspora remittances and other autonomous sources continued to support market liquidity.

    Recent trading patterns also show that the official rate has remained around the mid-₦1,360 range, while parallel market rates have stayed close to ₦1,400.

    What $100 is worth today

    At the official NFEM rate, $100 is equivalent to approximately ₦136,483.

    At the parallel market rate of ₦1,405, the same $100 would fetch about ₦140,500.

    The difference means that exchanging $100 in the parallel market would produce roughly ₦4,017 more than at the official rate, based on the quoted rates.

    What could determine the naira’s next move?

    Analysts said the naira’s short-term performance could depend on foreign exchange inflows, crude oil earnings, diaspora remittances and the CBN’s liquidity management measures.

    They added that sustained stability in the official market could help reduce speculative demand and prevent the gap between the two markets from widening.

    Trading remained relatively calm as of Friday morning, with no major intraday swings reported by currency dealers.

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