Today's best US dollars - Nigerian naira exchange rates

Mid-market exchange rate
RemitlyWisePayPalWorldRemitWestern Union
As featured on
ForbesThe GuardianBusiness InsiderLe Monde
Get excellent USD to NGN exchange rates by sending money with Instarem:
Go to Instarem >

Compare USD-NGN exchange rates and fees before your next money transfer

Last updated 43 minutes ago See live results
Sending 100 USD with Your recipient gets Exchange rate Fees
149,372.24 NGN Check rates Instarem USD to NGN rate:
1 USD = 1494 NGN
148,520.00 NGN Check rates Sendwave USD to NGN rate:
1 USD = 1485 NGN
148,493.12 NGN Check rates WorldRemit USD to NGN rate:
1 USD = 1485 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 1,578 NGN
50 USD 78,918 NGN
100 USD 157,835 NGN
200 USD 315,670 NGN
500 USD 789,175 NGN
1,000 USD 1,578,350 NGN
3,500 USD 5,524,226 NGN
5,000 USD 7,891,751 NGN
10,000 USD 15,783,502 NGN
100,000 USD 157,835,022 NGN
Source | Last updated 21 minutes ago

Conversion Rates NGN/USD

1 NGN 0.000634 USD
50 NGN 0.031679 USD
100 NGN 0.063357 USD
200 NGN 0.126715 USD
500 NGN 0.316786 USD
1,000 NGN 0.633573 USD
3,500 NGN 2.217505 USD
5,000 NGN 3.167865 USD
10,000 NGN 6.335729 USD
100,000 NGN 63.357295 USD
Source | Last updated 21 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
recommendation icon

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.

recommendation icon

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
Rue du Pont 22
1003 Lausanne

Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.