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$1000 USD to Naira Today

Live value of $1000 USD in Nigerian Naira — CBN official rate and parallel market, updated daily.

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CBN Official Rate

₦—

per 1 USD

Parallel Market (Aboki)

₦—

per 1 USD

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Quick Reference

USD to Naira — Nearby Amounts

Common transfer amounts at today's live rates.

Amount (USD)	CBN Official (₦)	Parallel Market (₦)
$100	₦159,000	₦169,335
$250	₦397,500	₦423,338
$500	₦795,000	₦846,675
$1000	₦1,590,000	₦1,693,350
$2000	₦3,180,000	₦3,386,700
$5000	₦7,950,000	₦8,466,750

$1000 USD to Nigerian Naira — Guide 2026

At today's exchange rate, $1000 USD equals approximately ₦1,590,000 Nigerian Naira at the CBN official rate, or ₦1,693,350 at the parallel market rate.

Sending $1000 to Nigeria? The provider you choose matters. At this amount, a 2% rate difference is ₦31,800 — that's real money. Use our provider comparison tool to find who gives your family the most naira.

CBN Official Rate vs Parallel Market Rate

The CBN official rate is set through the NAFEM interbank window and used by banks and formal providers. The parallel market rate (aboki rate) is what BDC operators trade at informally — typically 5–10% above the official rate. For diaspora remittances, digital providers like Lemfi and Wise use rates very close to the CBN official rate.

Frequently Asked Questions

Questions about converting $1000 USD to naira

How much is $1000 in naira today?▾

At the current CBN rate, $1000 USD = approximately ₦1,590,000 NGN. At the parallel market rate it is approximately ₦1,693,350 NGN. See the live conversion at the top of this page.

What is the USD to naira rate today?▾

The USD to naira rate today has two values: the CBN official rate and the parallel market (aboki) rate. The parallel rate is typically 5–10% higher. See both rates at the top of this page.

How do I send $1000 to Nigeria?▾

For transfers of this size, Lemfi and Wise consistently give the best rates. Lemfi charges zero fees and rates close to CBN. Wise charges a small transparent fee with no markup. Avoid bank wires — their rate spreads and fees can cost you 10–20% more. Use our remittance calculator to compare.

Is the CBN rate or parallel market rate better for me?▾

If you're receiving naira in Nigeria, you'll likely access the parallel market rate from a BDC. If you're sending money via a formal provider (Lemfi, Wise), you'll get a rate close to the CBN official rate.

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