🇳🇬 NGN to 🇺🇸 USD Exchange Rate
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.
Updated 2026-06-04
Currency converter
NGN → USD conversion table
| NGN | USD |
|---|---|
| 500 | 0.37 |
| 1,000 | 0.73 |
| 2,000 | 1.46 |
| 5,000 | 3.66 |
| 10,000 | 7.31 |
| 25,000 | 18.28 |
| 50,000 | 36.55 |
| 100,000 | 73.10 |
| 250,000 | 182.75 |
| 500,000 | 365.50 |
| 1,000,000 | 731.00 |
Table computed at the indicative rate of 1 NGN = 0.00 USD. Real operator-side values include a 1%-4% spread.
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 corridors, 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 corridor'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.
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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 corridor comparison.