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Dollar to Naira Exchange Rate Today, August 17, 2026

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The naira remained broadly stable against the United States dollar on Monday, August 17, 2026, with the official Nigerian Foreign Exchange Market (NFEM) rate trading around the mid-₦1,360 band while the parallel market hovered in the low-₦1,400 range.

Data from the Central Bank of Nigeria’s NFEM platform showed the official exchange rate at about ₦1,364 per dollar, reflecting only marginal movement from recent sessions. The official rate is derived from the volume-weighted average of trades executed on the market and serves as Nigeria’s benchmark exchange rate.

Currency dealers in Lagos said the parallel market (black market) traded at approximately ₦1,405 per dollar for buying and ₦1,415 per dollar for selling on Monday morning, keeping the spread between the official and unofficial markets relatively narrow compared with the sharp gaps recorded in 2024 and early 2025. Recent market trackers have shown street-market quotes clustering around the ₦1,410 region.

At the prevailing official rate, $100 exchanged for roughly ₦136,400, while $1,000 was worth about ₦1.364 million. In the parallel market, the same amounts were valued at about ₦141,500 for $100 and ₦1.415 million for $1,000.

Market participants attributed the relative calm to continued liquidity management by the Central Bank of Nigeria and steady foreign-exchange supply through the formal market. Analysts also noted that importer demand has remained moderate, helping the naira hold within a relatively tight range in recent weeks.

Reuters reported that traders expect the naira to remain broadly stable in the near term, supported by the CBN’s presence in the market and efforts to ease demand pressure for dollars. The report placed recent official-market trading around the ₦1,360 level and street trading near ₦1,425 per dollar.

The official market has traded mostly between ₦1,362 and ₦1,370 per dollar in recent sessions, according to market data compiled by Proshare, underscoring the currency’s recent consolidation around the ₦1,360 range.

For Nigerians monitoring exchange rates for travel, school fees, imports, or international payments, the key levels to watch today are about ₦1,364/$ at the official NFEM window and ₦1,415/$ in the parallel market.

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Dr. Deji Adeleke: How Davido’s Billionaire Father Built His Business Empire; Major Companies Linked to Him

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Dr. Deji Adeleke, the father of the globally recognized musician Davido, is not just known for his familial ties to the entertainment industry but also his immense wealth and substantial impact on Nigeria’s economic landscape. Born on March 6, 1957, in Enugu, Nigeria, Adedeji Adeleke has built a formidable empire through his business acumen and  educational investments.

Adeleke’s Business Ventures
Dr. Adeleke founded Pacific Holdings Limited in 1983, which has grown into a major conglomerate in Nigeria, encompassing various sectors such as agriculture, energy, and real estate.

This company is a cornerstone of his financial success, with divisions like Pacific Farm Limited, Pacific Freightliners Limited, and Pacific Gas Company Limited contributing significantly to his wealth.

Adeleke’s Real Estate Investments
Adeleke’s real estate portfolio is vast and diversified. He owns properties across Nigeria, including high-value areas like Ikoyi, Lekki, Banana Island, and Victoria Island in Lagos. Additionally, he has invested in international properties, including a mansion in Atlanta, USA, which he acquired to celebrate his 60th birthday.

Adeleke’s University and Philanthropy
In line with his passion for education, Adeleke founded Adeleke University in Ede, Osun State, under the auspices of the Springtime Development Foundation, which he established in 1996. The university operates on the Seventh-day Adventist philosophy of education and offers various undergraduate and postgraduate programs.

His philanthropic efforts extend beyond education, impacting healthcare and community development. These initiatives not only enhance his public image but also contribute to long-term societal benefits, reinforcing his legacy as a socially responsible entrepreneur.

Adeleke’s Luxurious Lifestyle
Dr. Adeleke’s lifestyle reflects his financial success. He owns luxury cars such as a Rolls Royce Phantom and a 2017 Bentley Mulsanne, and he flies in style with his Bombardier Global Express 6000 private jet, valued at $62 million.

Adeleke’s Net Worth
Estimations of Adeleke’s net worth vary, with some sources placing it around $700 million, while others suggest it could be as high as $2 billion. His wealth is attributed to his diversified investments in real estate, stocks, and bonds, alongside the thriving operations of Pacific Holdings Limited.

Adeleke’s Family and Personal Life
Adeleke is a father to four children: Adewale, David (Davido), Sharon, and Coco Adeleke. Despite initial resistance to Davido’s music career, he eventually supported his son’s passion, even funding the establishment of a music department at Babcock University for him. Today, Davido is not only a successful musician but also a director in the family business.

 

Conclusion
Dr. Deji Adeleke’s story is one of remarkable success through strategic education, entrepreneurship, and philanthropy. His wealth and business acumen have positioned him as one of Nigeria’s most influential figures, contributing significantly to the nation’s economic and social development. As he continues to invest and expand his empire, his legacy is set to influence future generations both within and outside Nigeria.

Adeleke’s Early Life and Education
Adeleke’s journey began in an affluent family in Lagos. He attended Ansar-ud-Deen Primary School and Seventh-Day Adventist Grammar School before moving to the United States, where he earned a degree in Finance from Western Kentucky University in 1979, followed by an MBA. Furthering his  education, he obtained a Ph.D. in International Business from Pacific Columbia University, and another Ph.D. in Business Administration from the University of Phoenix in 2010.

 

– kashgain

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Dangote, BUA Release Fresh Cement Prices Nationwide

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Retail cement prices in Nigeria continued to increase in July 2026, with 50kg bags now selling for between NGN12,000 (US$7.80) and NGN15,000 (US$9.75), depending on the producer and location.

Dangote Cement products are retailing for NGN13,000-15,000, BUA Cement for NGN12,000-14,500, while HBM Nigeria (formerly Lafarge Africa) products are priced at NGN12,000-13,500. In some parts of Lagos, Abuja, Port Harcourt and southeastern Nigeria, retail prices have reportedly exceeded NGN15,000/bag.

The increases come despite increased competition following the formal completion of Huaxin Cement’s acquisition of an 83.81 per cent stake in Lafarge Africa from Holcim.

However, analysts have cautioned that stronger competition is unlikely to translate into lower prices in the near term, as cement costs remain heavily influenced by high energy prices, inflation, foreign exchange volatility and rising logistics costs.

Speaking at Dangote Cement’s 17th AGM earlier this month, Chairman Emmanuel Ikazoboh said energy accounts for around 60 per cent of cement production costs, while foreign exchange movements have further increased manufacturing expenses.

 

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Dollar to Naira Exchange Rate Today, August 13, 2026

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The naira remained broadly stable against the United States dollar on Thursday, August 13, 2026, with the official Nigerian Foreign Exchange Market (NFEM) rate trading around the mid-₦1,360 band while the parallel market hovered in the low-₦1,400 range.

Data from the Central Bank of Nigeria’s NFEM platform showed the official exchange rate at about ₦1,364 per dollar, reflecting only marginal movement from recent sessions. The official rate is derived from the volume-weighted average of trades executed on the market and serves as Nigeria’s benchmark exchange rate.

Currency dealers in Lagos said the parallel market (black market) traded at approximately ₦1,405 per dollar for buying and ₦1,415 per dollar for selling on Thursday morning, keeping the spread between the official and unofficial markets relatively narrow compared with the sharp gaps recorded in 2024 and early 2025. Recent market trackers have shown street-market quotes clustering around the ₦1,410 region.

At the prevailing official rate, $100 exchanged for roughly ₦136,400, while $1,000 was worth about ₦1.364 million. In the parallel market, the same amounts were valued at about ₦141,500 for $100 and ₦1.415 million for $1,000.

Market participants attributed the relative calm to continued liquidity management by the Central Bank of Nigeria and steady foreign-exchange supply through the formal market. Analysts also noted that importer demand has remained moderate, helping the naira hold within a relatively tight range in recent weeks.

Reuters reported that traders expect the naira to remain broadly stable in the near term, supported by the CBN’s presence in the market and efforts to ease demand pressure for dollars. The report placed recent official-market trading around the ₦1,360 level and street trading near ₦1,425 per dollar.

The official market has traded mostly between ₦1,362 and ₦1,370 per dollar in recent sessions, according to market data compiled by Proshare, underscoring the currency’s recent consolidation around the ₦1,360 range.

For Nigerians monitoring exchange rates for travel, school fees, imports, or international payments, the key levels to watch today are about ₦1,364/$ at the official NFEM window and ₦1,415/$ in the parallel market.

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