Get live exchange rates (Parallel Market) for United States Dollar (USD) to Nigerian Naira (NGN).
Dollar to Naira Exchange Rates.
The rates shown below are the Black market exchange rates of United States Dollar against the Nigeria Naira.
|BUY / SELL|
|25/10/16||448 / 455|
|24/10/16||448 / 455|
|21/10/16||450 / 455|
Naira exchange rate
Due to the fact that Nigeria imports a lot of goods from other countries, the Nigerian economy relies on NGN exchange rate against many currencies.
This exchange rate is set by CBN, but you have to have a license to be able to buy foreign currency at the CBN official exchange rate. The license holders are mainly bureau de change agencies, vital corporations for Nigerian economy and Banks.
The bureau de change agencies buys foreign currency from CBN and sells it to the public. The exchange rate from bureau de change is refer to at Naira Parallel Market, Naira Black Market, or Naira secondary market.