The parallel market — often called the black market or aboki rate — is the informal street price for US Dollar and Nigerian Naira, set outside the official banking channel. It is not a regulated or guaranteed rate.
Since the 2023 naira float, the gap between the street rate and the official, regulated rate has narrowed to around 1-2%. The USD to NGN rate shown above is CrossPay’s real, locked-in rate on a licensed, CBN-compliant rail — now competitive with the street, fully traceable, and protected. You no longer need the parallel market to get a good rate.
CrossPay shows the live USD to NGN mid-market reference rate with only a transparent 0.5% spread. Use the calculator above to see today's exact rate and how much your recipient receives.
See the live 1 USD to NGN rate in the calculator above. CrossPay uses the mid-market reference rate with a transparent 0.5% spread and no hidden fees.
Enter 100 in the calculator above to see exactly how much NGN you get for 100 USD at today's live mid-market rate, including our transparent 0.5% spread.
The black-market (aboki) or parallel rate is the informal street price, set outside the official banking system — it is not regulated or guaranteed. Since the 2023 naira float it has stayed within about 1-2% of the official rate, so the regulated USD to NGN rate shown above is now competitive with the street — and, unlike a street deal, it is locked in, licensed and fully traceable.
Most USD to NGN transfers arrive within minutes to 1 business day. Speed depends on payment method and banking hours.
0.1% platform fee plus ~0.5% exchange rate spread — about 0.6% total on transfers of $100 or more. Smaller transfers may see a higher effective % because of the per-transfer fee floor; the live calculator on this page shows the exact fee for your amount before you commit. Compare to banks charging 4-8%.
The minimum transfer is $5 and the maximum is $250,000 per transaction. Higher limits are available for KYC-approved users.
You can pay via US bank transfer or debit/credit card.
We use the mid-market rate with a transparent 0.5% spread. Live rates are shown on our converter page.
Yes. Track your transfer in real-time from your dashboard with email and SMS notifications at each stage.
US Dollar (USD) is the official currency of United States. Symbol: $. ISO 4217 code: USD. CrossPay offers live USD to NGN exchange rates updated in real time with transparent fees and fast delivery to Nigeria.
Use CrossPay to send money from United States to Nigeria with great rates, low fees, and 0-1 day delivery.
Send Money to NigeriaLive rate is refreshing. Use the calculator below for an estimate.