Convert Nigerian Naira to US Dollars. See how many naira it takes to buy $1 at the CBN rate and parallel market rate.
🇳🇬 Rates updated: loading…
CBN Official Rate
₦—
per 1 USD
Parallel Market (Aboki)
₦—
per 1 USD
Fetching live rate…
Quick Reference
NGN
Live rates for common amounts. CBN official and parallel market.
Amount (NGN)
CBN Official (USD)
Parallel Market (USD)
₦5000
$3.14
$2.95
₦10.000
$6.29
$5.91
₦20.000
$12.58
$11.81
₦50.000
$31.45
$29.53
₦100.000
$62.89
$59.05
₦500.000
$314.47
$295.27
Naira to Dollar Exchange Rate Today — NGN to USD Guide 2026
The naira to dollar exchange rate today tells you how many Nigerian Naira are needed to buy one US Dollar. At current CBN official rates, you need approximately ₦1,390 to buy $1 USD. At the parallel market rate, the figure is closer to ₦1,480.
How to Buy Dollars in Nigeria
The most common ways to buy US dollars in Nigeria are: through your bank (requires documentation, limited availability), through a licensed Bureau De Change operator (at the parallel rate), or via a fintech app like Grey Finance or Domiciliary account (hold USD in Nigeria). For most Nigerians in the diaspora, the relevant question is the reverse — how much naira your dollar remittances convert to.
At the current CBN official rate, $1 USD = approximately ₦1,390 NGN. At the parallel market rate, $1 = approximately ₦1,480 NGN. See the live rate at the top of this page.
How do I convert naira to dollars in Nigeria?▾
You can buy dollars at your bank (requires documentation), from a licensed BDC operator at the parallel rate, or via fintech apps that offer domiciliary accounts like Grey Finance.
Why is the naira so weak against the dollar?▾
The naira weakness reflects decades of oil revenue dependence, multiple devaluations, and limited forex reserves. The 2023 NAFEM reform removed artificial rate support, causing a sharp adjustment to market levels.
What was naira to dollar rate in 2020?▾
In 2020, the official CBN rate was approximately ₦360–₦380 per dollar. The parallel market traded at ₦460–₦480. Today the rate is approximately ₦1,390 at the CBN rate.