Parallel market rate. Updated every minute from live P2P sources.
Parallel Market Rate
₦1,365
per 1 USD
CBN Approx.
₦1,597
Spread
-14.5%
Quick Conversion
1 USD₦1,365
5 USD₦6,825
10 USD₦13,650
50 USD₦68,250
100 USD₦136,500
500 USD₦682,500
1,000 USD₦1,365,000
USD/NGN
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Frequently Asked Questions
What is the current USD to NGN rate?
The live parallel market rate is shown above, updated every minute from multiple P2P and exchange sources including Bybit P2P and CoinGecko.
Why is the parallel market rate different from the CBN rate?
The CBN (Central Bank of Nigeria) sets an official rate, but due to foreign exchange scarcity, the actual street and P2P rate trades at a premium. Nairate tracks the real parallel market rate.
Is it legal to exchange USD at the parallel rate?
Official CBN-licensed bureaux de change are the legal channel. Nairate provides market data only and does not facilitate transactions.
How often does the USD/NGN rate update?
Our rate aggregator runs every 5 minutes and pulls from multiple P2P markets. The page refreshes every minute.