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Hi, Greetings from Gossipinfo. I’ll be revealing the dollar to naira exchange rate in Nigerian banks, forex trade, and black market rates on this page. Dollar To Naira  Rate is 690 for the black market when we phone local dealers reporting on forex in Lagos, Ilorin, and Abuja, respectively. This means you may sell and purchase dollars at this rate and then sell them at a rate between 700 and 710.

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Despite the efforts of the central bank of Nigeria and the efcc to lower and stabilize the naira to dollar exchange rate, and despite rules being established for the Breau D Change Office regarding the amount of dollars that can be traded by day and month, the dollar has continued to increase in value against the naira in the parallel market.

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After several call and message to different bank official inorder to know the rate for which bank is exchanging dollar to naira. Banks are currently exchanging at 421naira

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Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.

1 USD = 421.58 NGN
1 Dollars = 421.58 Nigerian Naira
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 690
Selling Rate 720

Q: What is the Worth of Dollar to Naira?

A: One Dollar is equivalent of 421.58 In Nigerian Naira today

Q: Is Dollar Sinking against the Naira?

A: As at Today’s exchange rate (421.58) is higher compared to yesterday’s rate (426.4021).

Q: What is worth of 50 and 100 Dollars in Nigerian Bank Naira?

A: 50 Dollars buys 21321 Nigerian Naira at interbank exchange rates.

As of today, The exchange rate is 426.42Naira to $1 at parallel market(abokiFX).

Note: Central Bank of Nigeria does not recognize the black market popularly called the parallel market.

The Central Bank of Nigeria Recommend that individuals interested in Forex should contact their respective banks before carrying out such transactions.

Dollar to Naira Exchange Rate By Central Bank Of Nigeria (CBN)

In contrast to the CBN exchange rate and other commercial banks, the dollar to naira conversion rate on the black market is significantly different.

The Central Bank of Nigeria’s official website, www.cbn.gov.ng, lists the CBN exchange rate as the rate at which you can purchase or sell dollars for naira. The rate at which dollars are exchanged on the black market, which is always greater than the rate set by the Central Bank of Nigeria (CBN).

Currency Sell / Buy Rate Change Date
USD ₦ 421.58 / 427.42 0.02% 20/01/2022
  • Dollar to Naira at FX Market Exchange Rate

Currency Rate Change Date
USD ₦ 420.42 0.20% 26/07/2022
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