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.
Today, 1 USD equals 1,373.09 NGN 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 USD is worth 1,373.09 NGN 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.
500 USD is about 686,545 NGN at today's mid-market rate of 1,373.09. Enter any amount in the calculator above to see the exact NGN 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 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 Nigeria1 USD = 1,373.09 NGN
Mid-market reference rate. Your final rate includes a small spread — see the calculator below for the exact amount you'll receive.