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.
CrossPay shows the live NGN to USD 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 NGN to USD rate in the calculator above. CrossPay uses the mid-market reference rate with a transparent 0.5% spread and no hidden fees.
Enter 500,000 in the calculator above to see exactly how much USD you get for 500,000 NGN 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 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.
Live rate is refreshing. Use the calculator below for an estimate.
No rate history available yet.
Rate history starts building as we collect daily snapshots. Live rates are still available in the calculator above.