USD to NGN Exchange Rate

As of 2026-10-25, 1 USD = 1,362.50 NGN (mid-market). Over the past 30 days it has ranged from 1,341.20 to 1,371.59.

USD: The US dollar floats freely: its value is determined in foreign exchange markets, and neither the U.S. Treasury nor the Federal Reserve targets a level for the exchange rate. NGN: Nigeria's naira trades in the Nigerian Foreign Exchange Market (NFEM), where the Central Bank of Nigeria publishes a daily official USD/NGN rate calculated as the volume-weighted average of that day's NFEM transactions, a single market-determined rate that replaced Nigeria's earlier layered system of the Dutch Auction System/Wholesale DAS (from August 2005), the Inter-bank Foreign Exchange Market and the Bureau de Change segment. The CBN continues to revise NFEM operating guidelines — most recently in November 2024 — and to intervene directly, including disclosed foreign-exchange spot sales to authorised dealers.