Black Market Exchange Rate Today 10th August, 2026

US Dollar Rates
Buying Rate N1,423
Selling Rate N1,427

CBN (Official): ₦1,362.55

The exchange rate between the US dollar (USD) and the Nigerian naira (NGN) which rate we have given above; is a topic of high constant interest for people who are Nigerian and businesses and policymakers in Nigeria.

This rate of dollars to naira exchange rate influences not only the cost of imported goods but also the cost of travel, international education, and even local prices of certain commodities.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

MRS Tincan: N1,172, down from N1,222 — N50 reduction

Pinnacle: N1,165.70, down from N1,215 — N49.30 reduction

Aiteo: N1,168, down from N1,217 — N49 reduction

Nipco: N1,168, down from N1,218 — N50 reduction

Integrated: N1,169, down from N1,218 — N49 reduction

African Terminal: N1,169, down from N1,218 — N49 reduction

Diesel prices in Lagos

African Terminal: N1,550, down by N100

Integrated: N1,550, down by N100

Duport: N1,550, down by N100

Ibachem: N1,550, down by N100

Gulf Treasure: N1,550, down by N100

Ibeto: N1,550, down by N80

T.Time: N1,560, down by N70

Wosbab: N1,555 TMDK: N1,555

Menj: N1,575, down by N45

Other Cities Follow Suit The trend extended beyond Lagos. In Warri, Matrix and A.Y.M Shafa cut petrol prices by N38 and N40 respectively, both landing at N1,187 per litre.

Their diesel prices each fell by N88 to N1,587, while Nipco in Warri brought diesel down to N1,591 from N1,650.

Port Harcourt depots also adjusted. Matrix cut petrol by N28 to N1,197, Sigmund reduced by N45 to N1,180, and Liquid Bulk dropped by N23 to N1,197. On diesel, Matrix fell by N88 to N1,587 and Sigmund cut by N70 to N1,605.

In Calabar, Mainland, Soroman, and Sobaz, petrol prices were reduced to N1,180 per litre, with cuts ranging from N38 to N40. Fynefield reduced its diesel price by N55 to N1,595.

The broad-based nature of the reductions points to a softer pricing environment in the downstream sector, with marketers adjusting their offers as they reassess inventory costs and replacement prices in light of the Dangote refinery’s move.

The presidential media team’s visit drew attention to the scale of the project, with Onanuga pointing to it as evidence of tangible progress under the APC governor’s watch.

The timing of the visit carries political significance. Governor Alia is expected to seek re-election in the 2027 general elections, and the spotlight on the brewery comes as the ruling party looks to showcase achievements by its governors ahead of the polls.

The presidency’s statement has started generating mixed reactions from Nigerians. Below are some of their comments:

Obi Okafor wrote: “A reverend father built a local brewery; APC and Tinubu are praising him. Peter Obi built an international brewery; Reno, Bwala, Bayo and the rest of the APC gangs have been demonising him.”

Iwunna commented: “The same APC and its presidency that mock Peter Obi for brewery is celebrating brewery in Benue?”

Samuel tweeted: “I hope they will not also come after him by the time he dumps this party called APC, just like they always come after Peter Obi, saying instead of him building industry that will benefit Nigerians,

Real Samson, Esq. said: “That is what Tinubu should be doing. He should try to revive Ajaokuta Steel Company and Textile companies in Kaduna and Kano.”