Today's best US dollars - Nigerian naira exchange rates

Mid-market exchange rate
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Get excellent USD to NGN exchange rates by sending money with Instarem:
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Compare USD-NGN exchange rates and fees before your next money transfer

Last updated an hour ago See live results
Sending 100 USD with Your recipient gets Exchange rate Fees
111,998.25 NGN Check rates WorldRemit USD to NGN rate:
1 USD = 1120 NGN
77,612.91 NGN Check rates Instarem USD to NGN rate:
1 USD = 800.1331 NGN
Compare for a specific amount, different pay-in and pay-out options, and see transfer speed and Monito Scores on our dedicated comparison page.

How Much is the US Dollar Exchange Rate in Nigerian Banks Today?

Conversion Rates USD/NGN

1 USD 842.52638 NGN
50 USD 42,126 NGN
100 USD 84,253 NGN
200 USD 168,505 NGN
500 USD 421,263 NGN
1,000 USD 842,526 NGN
3,500 USD 2,948,842 NGN
5,000 USD 4,212,632 NGN
10,000 USD 8,425,264 NGN
100,000 USD 84,252,638 NGN
Source | Last updated 26 minutes ago

Conversion Rates NGN/USD

1 NGN 0.001187 USD
50 NGN 0.059345 USD
100 NGN 0.118691 USD
200 NGN 0.237381 USD
500 NGN 0.593453 USD
1,000 NGN 1.186906 USD
3,500 NGN 4.154173 USD
5,000 NGN 5.934532 USD
10,000 NGN 11.869065 USD
100,000 NGN 118.690646 USD
Source | Last updated 26 minutes ago

Key facts about USD and NGN

  • About the US dollar

    US dollar
    Minor unit:
    1/100 Cent
    Central Bank:
    Federal Reserve Bank
    Ecuador, Guam, Micronesia, Palau, Panama, Zimbabwe, United States, Congo (RDC), El Salvador, Virgin Islands, British, American Samoa, Marshall Islands, Puerto Rico
    Rank in the most traded currencies:
  • About the Nigerian naira

    Nigerian naira
    Minor unit:
    1/100 Kobo
    Central Bank:
    Central Bank of Nigeria
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Where To Get US Dollars Cheap in Nigeria?

Traditionally, large banks and black-market currency exchange counters sell US dollars — but at a very poor rate. International money transfer specialists almost always offer lower fees and better exchange rates.

To learn more about how companies like WorldRemit, Remitly, and Small World can send your money to Nigeria, read our article on how to receive money from abroad in Nigeria.

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What is the Nigerian Bank Dollar Exchange Rate?

When large banks in Nigeria exchange naira for US dollars, and vice versa, they use the interbank exchange rate, also called the mid-market exchange rate. When you go to a bank counter to buy US dollars, the bank teller will buy your naira (NGN) and give you US dollars (USD) at a rate that is weaker than the mid-market exchange rate.

This is why our experts at Monito recommend that you use an international money transfer specialist to send US dollars. They offer lower fees and better exchange rates than traditional banks.

Run a search on our comparison engine to find the best provider for you:

Transfer US Dollars Cheaply to Nigeria

FAQ About How To Get Cheap Dollars in Nigeria

Global Impact Finance Ltd
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