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USD to NGN Exchange Rate

USD to NGN — Nigeria's primary forex rate. Africa's largest economy, major oil exporter. Naira rate tracked by 220M+ Nigerians.

US Dollar (USD)
$
Nigerian Naira (NGN)
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About the USD/NGN Exchange Rate

The USD to NGN exchange rate represents how many Nigerian Nairas you get for one US Dollar. USD to NGN — Nigeria's primary forex rate. Africa's largest economy, major oil exporter. Naira rate tracked by 220M+ Nigerians.

The rate updates every minute via our live data feed. The mid-market rate shown is the fairest benchmark — banks and exchange services typically add a margin of 0.5%–3% on top of this rate.

Common USD to NGN Conversions

USD ($) NGN (₦)
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Frequently Asked Questions

How much is $1 in Nigerian Naira today?
USD/NGN fluctuates significantly. After the CBN unified the exchange rate in 2023, the naira has traded between ₦1,400 and ₦1,700 per dollar. Check the live rate above for today's exact figure.
Why is the Naira falling against the Dollar?
The Naira has weakened due to Nigeria's oil revenue volatility, dollar demand from importers, limited FX reserves, and the CBN's 2023 float policy. The removal of the fixed rate brought the official rate closer to the parallel market rate.
How to send USD to Nigeria?
Western Union, MoneyGram, and Wise are popular for diaspora remittances. Local fintech apps (Flutterwave, Chipper Cash) offer competitive rates. For large transfers, ACE Money Transfer and Remitly are commonly used.
Is there a black market rate for Dollar to Naira?
Since the CBN unified exchange rates in 2023, the official and parallel market rates have converged significantly. The live rate above reflects the current market rate from open.er-api.com, which tracks the official/FMDQ rate.

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