The US dollar to Nigerian naira rate (USD/NGN) is one of the most closely followed rates in Africa, watched by businesses, importers and the large Nigerian diaspora sending money home. The live rate above is a daily market reference rate — a useful benchmark for what a dollar is worth in naira — but see the note below on Nigeria’s multiple exchange rates before you convert.

About the US dollar to Nigerian naira (USD/NGN)

The Nigerian naira (NGN) is issued by the Central Bank of Nigeria. As Africa’s largest economy and a major oil exporter, Nigeria’s currency is heavily influenced by oil revenues, foreign-exchange policy and demand for dollars, which has made the USD/NGN rate unusually volatile in recent years.

A note on Nigeria’s exchange rates

Nigeria has historically operated more than one exchange rate at the same time — an official rate and a parallel or street-market rate. Following recent foreign-exchange reforms these rates have moved closer together, but the figure your bank, app or bureau de change quotes can still differ from the reference rate shown here. Always confirm the specific rate you will actually receive before exchanging money.

What moves the USD to NGN rate

Key drivers include Central Bank of Nigeria policy and interventions, global oil prices, the country’s foreign-exchange reserves, inflation, and demand for dollars from importers and travelers. These factors can cause sharp moves, so it pays to check the current rate and compare providers whenever you convert.

Getting the best USD to NGN rate

• Compare on naira delivered, not the advertised fee, and check it against the reference rate above.
• Use established, regulated providers rather than informal channels — see our guide to sending money internationally.
• Understand the mid-market rate so you can judge any offer.
• Always pay in naira, not dollars, at terminals to avoid dynamic currency conversion.

Frequently asked questions

What is 1 US dollar to Nigerian naira today?

The live market reference rate is shown at the top of this page and updates daily. Because Nigeria has historically had more than one exchange rate, the rate a bank or bureau offers may differ from this figure.

How many naira is $100?

Multiply 100 by the current USD to NGN rate above. The reference table lists common amounts converted at today’s market rate.

Why does the dollar to naira rate vary between sources?

Nigeria has at times run an official rate alongside a parallel market rate. Recent reforms moved them closer, but rates can still differ — always check what your provider actually offers.

Where does this rate come from?

A daily market reference rate from widely used exchange-rate data. As the naira is not a European Central Bank reference currency, this is an indicative market rate rather than an ECB mid-market rate.

What is the best way to send US dollars to Nigeria?

Compare providers on the naira actually delivered, and check it against this reference figure. Established services are usually cheaper and safer than informal channels. See our guide to sending money internationally.