🇺🇸 USD to 🇳🇬 NGN — US Dollar to Nigerian Naira Rate Today
Indicative interbank rate. Interbank rate updated 13 Jul 21:00 UTC (2h ago) · ExchangeRate-API (interbank)
Convert US Dollar to Nigerian Naira using the live indicative interbank rate and the converter below. Covers the cost of sending to Nigeria via the major mobile money apps.
USD to NGN rate change
Change in the USD→NGN rate. + means the Nigerian Naira weakened against the US Dollar; − means it strengthened.
Currency converter
USD → NGN conversion table
| USD | NGN |
|---|---|
| 1 | 1,375.91 |
| 5 | 6,879.55 |
| 10 | 13,759.10 |
| 20 | 27,518.20 |
| 50 | 68,795.50 |
| 100 | 137,591.00 |
| 200 | 275,182.00 |
| 500 | 687,955.00 |
| 1,000 | 1,375,910.00 |
| 2,000 | 2,751,820.00 |
| 5,000 | 6,879,550.00 |
| 10,000 | 13,759,100.00 |
Table computed at the indicative rate of 1 USD = 1,375.91 NGN. Real operator-side values include a 1%-4% spread.
Popular USD → NGN amounts
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US Dollar to Nigerian Naira exchange rate history
Official vs Parallel Market Rate
Tracks live P2P (via Bybit)Parallel signal: Binance P2P USDT median, updated 13 Jul 2026, 22:00 (less than 1h ago). The quote tracks the live official rate between refreshes.
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 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.
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.
How to send US Dollar to Nigeria
For transfers from United States to Nigeria, the competitive options in 2026 are mobile-first remitters (Sendwave, LemFi, TapTap Send, Lemonade Finance), aggregators (Wise, WorldRemit, Remitly) and direct operator rails (MTN MoMo, Orange Money, M-Pesa Global). All-in cost depends on amount, receiving wallet and day. Compare options side by side on our Nigeria inbound transfer page.
Since the Central Bank of Nigeria's 2023 unification of the official and parallel USD/NGN windows under the NAFEM mechanism, the spread between the two has narrowed sharply — from gaps of 30%-60% pre-unification to typically 1%-3% under market-driven pricing. The Naira now trades more in line with where genuine FX supply and demand clear, and inbound USD remittances to wallets including MTN MoMo PSB, OPay, PalmPay and Moniepoint settle at rates within a small percentage of the daily NAFEM reference. The official USD/NGN rate is no longer an administered peg, so users should expect day-to-day movements that track global USD strength and Nigerian FX inflows.
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FAQ
What is the USD/NGN exchange rate today?
How much is 100 USD in NGN?
What's the best way to send US Dollar to Nigeria?
Is the Nigerian Naira 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 Nigeria, see the inbound transfer comparison.