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🇳🇬 USDT & Crypto Rates in Nigeria (NGN)

1 USDT ≈ ₦1,363 today (spot rate). On P2P, expect around ₦1,404. 1 BTC ≈ ₦87,517,771. Indicative rates derived from the live USD/NGN rate.

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Informational only. Live indicative rates, not financial or investment advice. Crypto regulations vary by country and change. We do not buy, sell, or facilitate crypto transactions.

Crypto to NGN converter

100 USDT =
₦136,298
Spot rate: 1 USDT = ₦1,363 (indicative)

Live crypto rates in NGN

USDT Tetherstablecoin
▲ 0.02%
₦1,363
1 USDT · spot, indicative
USDC USD Coinstablecoin
▲ 0.03%
₦1,364
1 USDC · spot, indicative
BTC Bitcoin
▲ 0.31%
₦87,517,771
1 BTC · spot, indicative
ETH Ethereum
▲ 0.35%
₦2,546,655
1 ETH · spot, indicative
BNB BNB
▲ 1.21%
₦772,962
1 BNB · spot, indicative
SOL Solana
▲ 0.11%
₦100,961
1 SOL · spot, indicative
XRP XRP
▲ 0.08%
₦1,491
1 XRP · spot, indicative

USDT: spot vs P2P

Spot / official-derived
₦1,363
Indicative P2P
₦1,404
spread +3.0%
Indicative USDT P2P premium over the official USD/NGN rate; varies widely by platform, merchant and time.

Crypto in Nigeria: regulation, exchanges and the P2P premium

Regulated (SEC) — bank access restored

Nigeria is one of Africa's largest crypto markets. The Central Bank (CBN) barred banks from serving crypto platforms in 2021, then lifted that ban in late 2023; the SEC now regulates digital assets through its ARIP framework and the Investments and Securities Act 2024, which explicitly recognises crypto as securities.

Buying and cashing out. Because the naira is under exchange-control, most buying happens via P2P rather than card. Binance was the dominant venue until its 2024 standoff with the authorities; since then platforms like Bybit, OKX and local players (Quidax, Busha, Yellow Card) have gained share, with settlement over instant NIP naira bank transfers.

Spot vs P2P premium. USDT routinely trades at a PREMIUM on Nigeria's P2P market: when the official naira diverges from the parallel market, buyers pay above the spot rate to obtain digital dollars — the very same premium seen between the CBN rate and the street market. The P2P figure shown above (+3.0% vs spot) reflects exactly this dynamic.

Stablecoin usage. In Nigeria, USDT functions as a dollar substitute: a hedge against naira depreciation, payment for imports and freelancing, and remittance settlement. It is one of the countries where stablecoins weigh most heavily in everyday retail use worldwide.

These rates are derived, not separately quoted: we take each coin's US dollar price and multiply by the live USD/NGN exchange rate this site already publishes. That means the USDT rate here equals the USD/NGN exchange rate (because USDT tracks the dollar). For mobile money fees in Nigeria, see the Nigeria page.

Crypto USD prices: last refreshed 25 Jul 2026 14:58:50 UTC. Indicative rates, not advice.

Frequently asked questions

How much is 1 USDT in NGN today?
1 USDT is about ₦1,363 at the spot rate, derived from USDT's US dollar price times the live USD/NGN exchange rate. On peer-to-peer (P2P) marketplaces the indicative rate is around ₦1,404, a premium over spot. These are indicative rates, not advice.
How much is 1 BTC in NGN?
1 BTC is about ₦87,517,771 at the spot rate (Bitcoin's USD price times the live USD/NGN rate). Bitcoin is volatile, so this moves continuously; the figure on this page updates as the underlying prices refresh.
Why is the P2P USDT rate higher than the official rate?
The spot rate here is USDT's dollar price times the official USD/NGN exchange rate. On peer-to-peer (P2P) marketplaces, buyers and sellers set their own prices, and demand for dollars or dollar-pegged stablecoins often pushes the P2P rate above the official one, the same premium you see between official and parallel-market FX. The P2P figure is community-sourced and varies by platform, merchant and time.
Is USDT pegged to the dollar?
Tether (USDT) is a stablecoin designed to track the US dollar one-to-one, so its USD price stays very close to $1. That is why the USDT local rate on this page is essentially the live USD/NGN exchange rate. It can deviate slightly from $1 in stressed markets.
Is crypto legal in Nigeria?
Nigeria is one of Africa's largest crypto markets. The Central Bank (CBN) barred banks from serving crypto platforms in 2021, then lifted that ban in late 2023; the SEC now regulates digital assets through its ARIP framework and the Investments and Securities Act 2024, which explicitly recognises crypto as securities.
How do people buy crypto in Nigeria?
Because the naira is under exchange-control, most buying happens via P2P rather than card. Binance was the dominant venue until its 2024 standoff with the authorities; since then platforms like Bybit, OKX and local players (Quidax, Busha, Yellow Card) have gained share, with settlement over instant NIP naira bank transfers.
What is USDT used for in Nigeria?
In Nigeria, USDT functions as a dollar substitute: a hedge against naira depreciation, payment for imports and freelancing, and remittance settlement. It is one of the countries where stablecoins weigh most heavily in everyday retail use worldwide.
Are these crypto rates official?
No. They are live indicative rates for information only: crypto US-dollar prices from a public market data source, converted using the live USD/NGN exchange rate this site already tracks. They are not a quote, not advice, and we do not buy, sell or facilitate any crypto transaction.