The US Dollar to Naira exchange rate today is ₦1,320.25 per $1 in the official market. In the parallel market, monitored selling rates range from ₦1,393 to ₦1,410 per $1, with an average sell rate of ₦1,399.33. The current parallel-market reference rate is approximately ₦1,400 per $1.
This page provides the latest USD/NGN official rate, parallel-market rate, US Dollar buy and sell rates, the difference between the two markets, and Naira conversion values to help you compare available exchange rates.
Dollar to Naira Rate Today
Official CBN NFEM rate
US$1 = ₦1,320.25
Rate date: September 8, 2026 · Central Bank of Nigeria (CBN) — NFEM Official Rate. This is one official weighted-average value, not a Buy/Sell quote.
Black market rates today
| Source | Buy | Sell | Updated |
|---|---|---|---|
| Abokiforex Rate | ₦1,385.00 | ₦1,395.00 | 2026-09-09 07:26:27 |
| Talentbase.ng | ₦1,385.00 | ₦1,410.00 | 2026-09-09 07:26:37 |
| Monierate | ₦1,383.00 | ₦1,393.00 | 2026-09-09 07:26:46 |
Black market trading range today: Buy ₦1,383.00–₦1,385.00 · Sell ₦1,393.00–₦1,410.00 per US$1.
Trader values are unofficial and indicative. They can vary by location, transaction size and time.
US Dollar to Naira Rate Today
Official US Dollar to Naira Rate
The official USD/NGN exchange rate is ₦1,320.25 per $1. At this rate, 1 US Dollar is worth ₦1,320.25.
The official rate serves as the reference rate for the formal market and may differ from rates offered by individual banks, authorized providers, and other exchange channels.
US Dollar to Naira Black Market Rate
The current US Dollar to Naira black-market rate is approximately ₦1,400/$1. Monitored parallel-market selling rates range from ₦1,393 to ₦1,410/$1.
The parallel-market figure is an indicative benchmark and should not be treated as a guaranteed transaction rate.
How Much Is 1 US Dollar in Naira Today?
At the official rate:
$1 = ₦1,320.25
At the current parallel-market reference rate:
$1 ≈ ₦1,400
To calculate the Naira value of any amount of US Dollar, multiply the US Dollar amount by the applicable exchange rate.
For example:
$1 × ₦1,400 = ₦1,400
Black-Market US Dollar to Naira Conversion
Using the current parallel-market reference rate of ₦1,400 per $1:
| Amount | Nigerian Naira |
|---|---|
| $1 | ₦1,400.00 |
| $10 | ₦14,000.00 |
| $20 | ₦28,000.00 |
| $50 | ₦70,000.00 |
| $100 | ₦140,000.00 |
| $500 | ₦700,000.00 |
| $1,000 | ₦1,400,000.00 |
Conversion formula: $ amount × ₦1,400 = Naira value.
These figures are reference calculations. The actual amount received or paid may differ because individual dealers can quote different rates and may apply transaction charges.
Official USD/NGN Conversion Today
Using the official rate of ₦1,320.25 per $1:
| Amount | Nigerian Naira |
|---|---|
| $1 | ₦1,320.25 |
| $10 | ₦13,202.50 |
| $20 | ₦26,405.00 |
| $50 | ₦66,012.50 |
| $100 | ₦132,025.00 |
| $500 | ₦660,125.00 |
| $1,000 | ₦1,320,250.00 |
Conversion formula: $ amount × ₦1,320.25 = Naira value.
For example:
$100 × ₦1,320.25 = ₦132,025.00
Therefore, 100 US Dollar is worth ₦132,025.00 at the official reference rate.
US Dollar Buy and Sell Rate Today
The buy rate is the rate a dealer offers when buying US Dollar from you. The sell rate is the rate a dealer charges when selling US Dollar to you.
This distinction is important when comparing exchange rates:
- If you are selling US Dollar, compare dealer buy rates and look for the higher rate.
- If you are buying US Dollar, compare dealer sell rates and look for the lower rate.
The monitored USD/NGN rates are:
| Market Indicator | USD/NGN Rate |
|---|---|
| Lowest buy rate | ₦1,382/$1 |
| Highest buy rate | ₦1,385/$1 |
| Average buy rate | ₦1,384.00/$1 |
| Lowest sell rate | ₦1,393/$1 |
| Highest sell rate | ₦1,410/$1 |
| Average sell rate | ₦1,399.33/$1 |
The monitored buy rates range from ₦1,382 to ₦1,385 per $1, while sell rates range from ₦1,393 to ₦1,410 per $1.
Official Rate vs Parallel-Market Rate
The official USD/NGN rate is ₦1,320.25 per $1, compared with an average parallel-market selling rate of ₦1,399.33.
| Comparison | Rate |
|---|---|
| Official USD/NGN rate | ₦1,320.25/$1 |
| Average parallel-market sell rate | ₦1,399.33/$1 |
| Difference | ₦79.08/$1 |
| Parallel-market premium | 5.99% |
The average parallel-market selling rate is 5.99% higher than the official rate.
What Does This Difference Mean for $100?
At the official rate:
$100 × ₦1,320.25 = ₦132,025.00
Using the average parallel-market selling rate:
$100 × ₦1,399.33 = ₦139,933.33
The difference is approximately ₦7,908. Using the rounded parallel-market reference of ₦1,400, $100 would be approximately ₦140,000.
Is the Naira Getting Stronger Against the US Dollar?
A previous official rate was not entered for this report, so a day-to-day percentage change cannot be calculated. The current official rate is ₦1,320.25/$1.
US Dollar to Naira Rate: What the Current Rates Mean for You
The most relevant rate depends on whether you are buying or selling US Dollar.
If You Are Selling US Dollar
Use the dealer buy rate when comparing offers. A higher buy rate generally means you receive more Naira for the same amount of US Dollar.
The monitored buy rates today range from ₦1,382 to ₦1,385 per $1.
If You Are Buying US Dollar
Use the dealer sell rate when comparing offers. A lower sell rate generally means you need fewer Naira to purchase the same amount of US Dollar.
The monitored sell rates today range from ₦1,393 to ₦1,410 per $1.
For an actual transaction, confirm the current quote with your bank, authorized provider, or dealer immediately before exchanging money. Fees, commissions, transfer charges, and other transaction costs can affect the final amount.
US Dollar to Naira Historical Rates
The table below preserves recent daily USD/NGN data so you can compare the official rate, average parallel-market rates, and the current reference rate over time. Historical figures are snapshots saved from the rates entered for each market date.
| Date | Official | Avg. Buy | Avg. Sell | Reference |
|---|---|---|---|---|
| Sep 9, 2026 | ₦1,320.25/$1 | ₦1,384.00 | ₦1,399.33 | ₦1,400 |
Historical data is retained as a record of the rates available on each saved date. Parallel-market quotations are indicative and may differ from actual transaction rates.
Today’s USD/NGN Exchange Rate Summary
| Market Indicator | Today’s Rate |
|---|---|
| Official USD/NGN rate | ₦1,320.25/$1 |
| Parallel-market reference | ≈ ₦1,400/$1 |
| Average parallel-market buy | ₦1,384.00/$1 |
| Average parallel-market sell | ₦1,399.33/$1 |
| Difference | ₦79.08/$1 |
| Parallel-market premium | 5.99% |
Bottom Line
The US Dollar to Naira exchange rate today is ₦1,320.25 per $1 at the official reference rate, while the current parallel-market reference is approximately ₦1,400 per $1.
The monitored parallel market shows buy rates of ₦1,382–₦1,385 per $1 and sell rates of ₦1,393–₦1,410 per $1.
If you are selling US Dollar, compare dealer buy rates and look for a competitive higher offer. If you are buying US Dollar, compare dealer sell rates and look for a competitive lower offer. Always confirm the actual rate, fees, and charges before completing an exchange.
Rate Methodology
The official rate used in this report is the CBN NFEM reference rate. Parallel-market quotations are manually entered from Aboki FX, Talentbase.ng, and Monierate.
The plugin calculates the average buy and sell rates from the available source quotations. The parallel-market reference is calculated by rounding the average sell rate to the nearest ₦10 unless a custom reference rate has been entered.
All Naira conversion figures are direct calculations based on the stated exchange rates. Parallel-market quotations are indicative and can change during the day, so the rate available from an individual dealer may differ from the figures shown on this page.
Market date: September 9, 2026
Official rate date: September 8, 2026
Currency pair: USD/NGN
Market: Nigerian official and parallel market
