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USD/NGN · Live Rate

US Dollar to
Nigerian Naira

Parallel market rate. Updated every minute from live P2P sources.

Parallel Market Rate
₦1,346
per 1 USD
CBN official basis
₦1,320
Spread
+2.0%
Quick Conversion
1 USD₦1,346
5 USD₦6,730
10 USD₦13,460
50 USD₦67,300
100 USD₦134,600
500 USD₦673,000
1,000 USD₦1,346,000
Underlying NGN basis

Rate confidence

74/100Normal confidence

The snapshot is usable, with one or more quality checks currently under watch.

Data freshness
3 minutes35/35

The latest persisted aggregate is inside the 10-minute verification window.

Source agreement
3.40% range10/30

Source disagreement is elevated but still inside outlier controls.

Source coverage
2 independent feeds14/20

The aggregate is backed by more than one independently fetched market feed.

Official context
2d old15/15

A recent CBN NFEM publication is available for market context.

Independent readings
bybit p2p · ₦1,369coingecko · ₦1,323.24
Full methodology →

This score evaluates the USD/NGN market basis used to calculate USD/NGN. It measures data quality, not future price direction.

USD/NGN
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Frequently Asked Questions

What is the current USD to NGN rate?

The live parallel market rate is shown above, updated every minute from multiple P2P and exchange sources including Bybit P2P and CoinGecko.

Why is the parallel market rate different from the CBN rate?

The CBN (Central Bank of Nigeria) sets an official rate, but due to foreign exchange scarcity, the actual street and P2P rate trades at a premium. Nairate tracks the real parallel market rate.

Is it legal to exchange USD at the parallel rate?

Official CBN-licensed bureaux de change are the legal channel. Nairate provides market data only and does not facilitate transactions.

How often does the USD/NGN rate update?

Our rate aggregator runs every 5 minutes and pulls from multiple P2P markets. The page refreshes every minute.

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