Dollar to Naira Today – Black Market & CBN Rate
Check the latest Dollar to Naira rate today, including the USD to NGN black market rate and the available official-market rate. Use the converter below to calculate how much US Dollars are worth in Nigerian Naira.
Dollar to Naira Black Market Rate Today
Compare today’s indicative Dollar buying and selling rates in Nigeria’s parallel market with the official-market rate.
Important: Parallel-market quotations can vary by dealer, location, transaction size and market conditions. Confirm the applicable rate before completing a transaction.
Dollar to Naira Converter
Convert USD to NGN or Naira to US Dollars using the displayed black-market selling rate.
This calculator provides an estimate based on the displayed rate and does not represent a guaranteed transaction price.
How Much Is Dollar in Naira Today?
Common US Dollar amounts converted to Nigerian Naira using today’s displayed selling rate.
| US Dollars | Value in Naira |
|---|---|
| $1 | ₦1,421 |
| $5 | ₦7,105 |
| $10 | ₦14,210 |
| $20 | ₦28,420 |
| $50 | ₦71,050 |
| $100 | ₦142,100 |
| $500 | ₦710,500 |
| $1,000 | ₦1,421,000 |
How Much Is 1 Dollar to Naira Today?
The value of 1 US Dollar in Nigerian Naira depends on which foreign exchange market you are checking. The parallel-market selling rate displayed on this page is currently ₦1,421 per $1, while the displayed buying rate is ₦1,411.
The official-market rate can be different from the Dollar to Naira black market rate. For this reason, it is useful to compare both figures before making financial decisions.
What Is the Dollar to Naira Black Market Rate?
The Dollar to Naira black market rate refers to informal or parallel-market quotations for exchanging US Dollars and Nigerian Naira outside the conventional official banking exchange window.
In Nigeria, people also commonly search for this rate using terms such as Aboki rate, Aboki Dollar rate, parallel market rate, and USD to NGN black market rate.
Black Market Dollar Rate vs Official Dollar Rate
Parallel-market and official-market Dollar rates do not always match. The difference can reflect foreign-currency supply, demand, liquidity, access to official FX channels and broader market conditions.
Why Does the Dollar to Naira Rate Change?
The USD/NGN exchange rate can change during the day as market conditions change. Factors that may influence the rate include the availability of foreign currency, demand for US Dollars, market liquidity, international currency movements and expectations about Nigeria’s foreign-exchange market.
How Much Is $100 in Naira Today?
Using the displayed black-market selling rate, $100 is approximately ₦142,100. The actual amount you receive can differ depending on the rate quoted at the time of your transaction.
How Much Is $1,000 in Naira Today?
At the displayed selling rate, $1,000 is approximately ₦1,421,000. Use the Dollar to Naira calculator above to check any other amount.
How We Track the Dollar to Naira Rate
DollarToNaira monitors available foreign-exchange market information to provide an easy comparison between the Nigerian parallel market and the official FX market.
Parallel-market figures shown on this page are indicative reference rates and may vary between dealers, cities and transaction sizes. Official-market figures are presented separately so readers can compare both markets clearly.
Last checked: Today. Always confirm the applicable rate before making a financial transaction.
Dollar to Naira Frequently Asked Questions
What is the Dollar to Naira rate today?
The latest displayed USD to NGN buying, selling and official-market rates are shown at the top of this page. Rates can change as market conditions change.
What is the Aboki Dollar rate today?
The term “Aboki Dollar rate” is commonly used when referring to parallel-market Dollar to Naira quotations. The current displayed parallel-market rates are ₦1,411 buying and ₦1,421 selling.
How much is $100 in Naira today?
Based on the displayed selling rate, $100 is approximately ₦142,100.
Is the black market Dollar rate the same as the bank rate?
No. Parallel-market quotations can differ from rates available through official financial channels.
Can the Dollar to Naira rate change during the day?
Yes. Exchange rates can move during the day as supply, demand and other market conditions change.
Which rate does the Dollar to Naira converter use?
The converter on this page uses the displayed parallel-market Dollar selling rate as its calculation reference.