The parallel market — often called the black market or aboki rate — is the informal street price for Nigerian Naira and US Dollar, 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 NGN to USD 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.
Today, 1 NGN equals 0.00071223 USD using CrossPay's live mid-market reference rate. We add only a transparent 0.5% spread, so the rate you see is close to the real interbank rate — far better than typical bank or bureau de change markups. Rates refresh continuously throughout the day.
1 NGN is worth 0.00071223 USD right now on CrossPay's live mid-market rate. With our transparent 0.5% spread and no hidden fees, that is the real rate — not an inflated black-market or bank quote.
1,000,000 NGN is about 712.23 USD at today's mid-market rate of 0.00071223. Enter any amount in the calculator above to see the exact USD your recipient receives after 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 NGN to USD rate shown above is now competitive with the street — and, unlike a street deal, it is locked in, licensed and fully traceable.
Check the live NGN to USD rate above. CrossPay updates rates in real time throughout the day.
CrossPay currently supports sending from Nigeria to Kenya, Ghana, Uganda, and Tanzania. USD corridors are coming soon.
Nigerian Naira (NGN) is the official currency of Nigeria. Symbol: ₦. ISO 4217 code: NGN. CrossPay offers live NGN to USD exchange rates updated in real time with transparent fees and fast delivery to United States.
1 NGN = 0.00071223 USD
Mid-market reference rate. Your final rate includes a small spread — see the calculator below for the exact amount you'll receive.
No rate history available yet.
Rate history starts building as we collect daily snapshots. Live rates are still available in the calculator above.