🇳🇬 NGN to 🇺🇸 USD — Nigerian Naira to US Dollar Rate Today
Indicative interbank rate. Interbank rate updated 19 Jul 03:00 UTC (less than 1h ago) · ExchangeRate-API (interbank)
Convert Nigerian Naira to US Dollar using the live indicative interbank rate and the converter below. Covers the cost of sending to United States via the major mobile money apps.
NGN to USD rate change
Rate tracking started 5 June 2026. Longer windows fill in as history grows.
Change in the NGN→USD rate. + means the US Dollar weakened against the Nigerian Naira; − means it strengthened.
Currency converter
NGN → USD conversion table
| NGN | USD |
|---|---|
| 500 | 0.36 |
| 1,000 | 0.73 |
| 2,000 | 1.45 |
| 5,000 | 3.62 |
| 10,000 | 7.25 |
| 25,000 | 18.13 |
| 50,000 | 36.25 |
| 100,000 | 72.50 |
| 250,000 | 181.25 |
| 500,000 | 362.50 |
| 1,000,000 | 725.00 |
Table computed at the indicative rate of 1 NGN = 0.000725 USD. Real operator-side values include a 1%-4% spread.
Popular NGN → USD amounts
Tap an amount for its dedicated conversion page.
Nigerian Naira to US Dollar exchange rate history
Official vs Parallel Market Rate
P2P updated 17h agoThe official and parallel rates have nearly converged — the gap is small, so licensed bank and app channels are both safe and competitive.
P2P signal: last median 18 Jul 2026, 11:00 (17h ago) — may be slightly delayed. Premium % is the last known value; the quote still tracks the live official rate.
The parallel rate shown is an indicative, community-aggregated figure sourced from MomoCalc parallel-rate tracker. MomoCalc does not buy, sell, or set currency rates. Parallel rates vary by location, dealer, and time of day, and trading outside licensed channels may carry legal and security risks. Always confirm current rates with a licensed dealer before transacting. Educational only — not financial advice.
What moves the Nigerian Naira rate
The naira has been on a managed float since the 2023 NAFEM unification, which erased most of the old official-vs-parallel gap (30%-60% pre-2023, now 1%-3%). Watch CBN interventions, oil receipts and the parallel-market premium — that is what moves the rate day to day.
About the Nigerian Naira
The Nigerian Naira (NGN, ₦) is the official currency of Nigeria, issued by the Central Bank of Nigeria (CBN) since 1973 when it replaced the Nigerian pound. Subdivided into 100 kobo, the Naira is one of Africa's most-traded currencies and the principal medium of exchange for the continent's largest economy. Since the CBN's 2023 unification of the parallel and official exchange rate windows through what it calls the NAFEM mechanism, the Naira has traded under market-driven pricing rather than the previous administered peg. Nigeria receives an estimated 20 billion USD a year in formal remittances, and for inbound flows to MTN MoMo PSB, OPay, PalmPay and Moniepoint the published Naira rate is now typically within 1%-3% of the parallel market — a sharp narrowing compared to the 30%-60% gaps that prevailed before unification.
About the US Dollar
The US Dollar (USD, $) is the world's primary reserve currency and the de facto reference rate for most African remittance pricing. It is issued by the Federal Reserve System and subdivided into 100 cents. For African routes, the USD plays two distinct roles: as the on-the-wire settlement currency that originating remittance providers use to hedge between markets, and as the unit of account that diaspora senders most often think in. When operators quote a USD-to-local-currency rate, the difference between that rate and the interbank mid-market — the spread — is where most of the route's cost is hidden, often dwarfing the visible send fee. For receivers in countries with thin USD interbank markets such as Sierra Leone or Mozambique, the published rate can lag the interbank reference by several percentage points.
Related pairs
FAQ
What is the NGN/USD exchange rate today?
How much is 100 NGN in USD?
What's the best way to send Nigerian Naira to United States?
Is the US Dollar a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to United States, see the inbound transfer comparison.