Dollar to Naira exchange rate today, August 17, 2026On August 17, 2026, the Nigerian naira showed slight appreciation against the US dollar, with the official exchange rate at N1,357.61 per dollar and the parallel market rate at N1,420 per dollar. This marks an improvement from the previous week's rate of N1,365.69 per dollar. The Central Bank of Nigeria (CBN) reported increased foreign exchange liquidity and supply, contributing to the naira's strength. Nigeria's external reserves reached $52.19 billion, the highest in 17 years. The gap between the official and parallel markets remains stable, though the parallel market continues to offer a higher rate. Factors such as dollar supply, importer demand, and global currency trends could influence future fluctuations.
Bias read (Center): The article presents factual economic data regarding the naira-dollar exchange rate without overt ideological slant. It provides balanced information on both the official and parallel markets, references official data from the Central Bank of Nigeria, and discusses market dynamics objectively. There
Why factuality (95): The article provides specific figures for the exchange rates at both the official and parallel markets, citing the Central Bank of Nigeria (CBN) and Proshare as sources. It also references external reserves and mentions the date August 17, 2026, aligning with the cross-source consensus. The only min
Why objectivity (90): The article presents the information in a largely neutral manner, using descriptive language without overt bias. It explains the differences between the official and parallel markets and attributes the naira's performance to economic factors like improved liquidity and external reserves. However, th
Dollar to Naira exchange rate today, August 10, 2026On August 10, 2026, the Nigerian naira maintained relative stability against the US dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. The official exchange rate stood at approximately ₦1,362.55 per dollar, as reported by the Central Bank of Nigeria (CBN), while the parallel market saw the dollar traded at around ₦1,425 for selling and ₦1,410 for buying in major cities like Lagos. The difference between the two markets remained largely unchanged, with a gap of about ₦62 per dollar. Analysts noted that the naira has demonstrated short-term stability due to continued central bank intervention in supplying foreign exchange. The official market has remained within a tight range of ₦1,362–₦1,364 over recent trading days, according to CBN and market data. Variations in exchange rates depend on factors such as the bank, transaction method, and location.
Bias read (Center): The article provides factual information about the exchange rate between the Nigerian naira and the US dollar, focusing on market dynamics and central bank activities. It does not exhibit any clear ideological bias, framing, or emphasis on political aspects. The content is primarily economic and is
Why factuality (95): This article details the exchange rates for August 10, 2026, including the official and parallel market values, and references the Central Bank of Nigeria directly. It aligns with other reports regarding the gap between the two markets and mentions CBN interventions. The data is consistent with othe
Why objectivity (90): The article maintains a neutral tone, presenting facts about exchange rates and market conditions without taking sides or injecting subjective interpretations. It includes analyst views but does not favor any particular perspective.
Dollar to Naira exchange rate today, August 14, 2026On August 14, 2026, the Nigerian naira showed relative stability against the US dollar in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel (black market). The official rate was ₦1,364.83 per dollar, set by the Central Bank of Nigeria, while the parallel market rate in Lagos was around ₦1,405. This created a spread of approximately ₦40 per dollar, narrower than the wide differentials observed in previous years. Currency dealers noted cautious trading, with demand from importers and individuals balanced by supply from exporters, remittances, and other sources. Analysts suggested that factors such as foreign exchange inflows, crude oil earnings, and central bank policies will influence the naira's short-term trajectory.
Bias read (Center): The article presents a factual report on the naira-dollar exchange rate without overt ideological slant. It provides balanced information on both official and parallel market rates, cites data from the Central Bank of Nigeria, and includes analyst perspectives without favoring any particular group.
Why factuality (90): This article cites the Central Bank of Nigeria's official exchange rate and provides detailed figures for both the official and parallel markets. It references market trends, dealer comments, and conversion examples, supporting its claims with data. The information aligns with the previous article a
Why objectivity (85): The article maintains a generally neutral tone, presenting market observations and analyst comments without overt bias. However, it slightly frames the situation as 'relatively moderate' compared to past volatility, which introduces a subtle comparative perspective that might influence reader interp
Dollar to Naira exchange rate today, August 12, 2026On August 12, 2026, the Nigerian naira remained stable against the US dollar, with the official exchange rate at ₦1,364 per dollar and the parallel market rate hovering around ₦1,415 per dollar. The Central Bank of Nigeria's (CBN) liquidity management and steady foreign exchange supply contributed to this stability. Market analysts noted that the gap between the official and parallel rates remained narrower than in previous years, such as 2024 and early 2025. Reuters and Proshare reports indicated that the naira is expected to stay within a tight range due to ongoing CBN interventions and controlled importer demand.
Bias read (Center): The article presents a balanced overview of the naira-dollar exchange rate without overtly favoring any political ideology. It cites multiple sources including the Central Bank of Nigeria, Reuters, and Proshare, providing objective data on both official and parallel market rates. There is no evident
Why factuality (85): The article provides detailed exchange rates and market conditions based on data from the Central Bank of Nigeria’s NFEM platform and reports from currency dealers in Lagos. It references Reuters for additional credibility and presents the information in a manner consistent with typical financial re
Why objectivity (90): The article maintains a neutral tone, presenting both official and parallel market rates without overt bias. It cites multiple sources including the Central Bank and Reuters, and avoids emotionally charged language. The focus remains on factual reporting rather than opinion or advocacy, contributing
Naira appreciates to N1,405/$ in parallel marketThe Nigerian naira appreciated slightly to N1,405 per dollar in the parallel market on Friday, compared to N1,407 per dollar the previous day. However, in the official Nigerian Foreign Exchange Market (NFEM), the naira depreciated to N1,358.25 per dollar, down from N1,356.50 per dollar. This indicates a narrowing gap between the parallel and official exchange rates, with the difference reducing to N46.75 per dollar from N50.50 per dollar. Additionally, trading volume in the NFEM increased significantly by 51.2% to $119.6 million on Friday.
Bias read (Center): The article presents factual economic data regarding the naira's performance in both the parallel and official markets without overtly favoring any political stance. It provides balanced reporting on exchange rate fluctuations and market activity without editorializing or emphasizing particular soci
Why factuality (85): The article provides specific exchange rates and mentions the Central Bank of Nigeria's indicative exchange rate, aligning with typical reporting standards. It reports changes in both the parallel and official markets and includes data on turnover at the NFEM. While no primary source is provided, th
Why objectivity (80): The article presents the exchange rate movements in a neutral manner, focusing on factual updates. However, there is a slight editorial tilt towards emphasizing the narrowing gap between the parallel and official markets, which may imply a more positive outlook than purely objective reporting.
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