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Today's best US dollars - Nigerian naira exchange rates
Compare USD-NGN exchange rates and fees before your next money transfer
| Sending 100 USD with | Your recipient gets | Exchange rate | Fees |
|---|---|---|---|
 | 160,929.00 NGN Check rates | Western Union USD to NGN rate: 1 USD = 1609 NGN | 0 USD |
 | 160,431.00 NGN Check rates | Remitly USD to NGN rate: 1 USD = 1604 NGN | 0 USD |
 | 156,401.09 NGN Check rates | WorldRemit USD to NGN rate: 1 USD = 1564 NGN | 0 USD |
 | 156,400.00 NGN Check rates | Sendwave USD to NGN rate: 1 USD = 1564 NGN | 0 USD |
| | 154,724.59 NGN Check rates | Instarem USD to NGN rate: 1 USD = 1547 NGN | 0 USD |
How Much is the US Dollar Exchange Rate in Nigerian Banks Today?
Key facts about USD and NGN
About the US dollar
- Name:
- US dollar
- Symbol:
- $
- Minor unit:
- 1/100 Cent
- Central Bank:
- Federal Reserve Bank
- Countries:
- 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:
- #1
About the Nigerian naira
- Name:
- Nigerian naira
- Symbol:
- ₦
- Minor unit:
- 1/100 Kobo
- Central Bank:
- Central Bank of Nigeria
- Country:
- Nigeria
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.
US dollars (USD) and Nigerian nairas (NGN) exchange rates with other main currencies
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
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Why You Can Trust Us
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, Monito co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services worldwide.
Today, Monito’s award-winning comparisons, reviews, and guides (no longer just about money transfers but also digital accounts, travel cards, eSIMs, and travel insurance) are trusted by millions each year. Our recommendations are backed by our comparison data and dozens of expert tests, allowing you to confidently make the savviest decisions.
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