The parallel market — wey dem dey call black market or aboki rate — na the informal street price for US Dollar and Nigerian Naira, wey dem dey set outside the official banking channel. E no be regulated or guaranteed rate.
Since the 2023 naira float, the gap between the street rate and the official, regulated rate don narrow to around 1-2%. The USD to NGN rate wey dey show for up there na CrossPay real, locked-in rate for licensed, CBN-compliant rail — e now dey compete with the street, dem fit trace am fully, and e get protection. You no need the parallel market again to get good rate.
Today, 1 USD dey equal 1,372.105 NGN for CrossPay live mid-market reference rate. We dey add only transparent 0.5% spread, so di rate wey you dey see dey close to di real interbank rate — e better pass wetin banks or bureau de change dey charge. Di rate dey update throughout di day.
1 USD dey worth 1,372.105 NGN now-now for CrossPay live mid-market rate. With our transparent 0.5% spread and no hidden fee, na di real rate — no be inflated black-market or bank price.
1,000 USD dey around 1,372,105 NGN for today mid-market rate of 1,372.105. Enter any amount for di calculator wey dey up to see di exact NGN wey your person go receive after our transparent 0.5% spread.
The black market (aboki) or parallel rate na the informal street price wey dem dey set outside the official banking system — e no be regulated or guaranteed. Since the 2023 naira float, e don stay around 1-2% of the official rate, so the regulated USD to NGN rate wey dey show for up there now dey compete with the street — and, unlike street deal, e lock, e get license and dem fit trace am fully.
Most USD to NGN transfers dey arrive within minutes to 1 business day. Speed depend 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 fit see higher effective % because of the per-transfer fee floor; the live calculator on this page dey show the exact fee for your amount before you commit. Compare to banks wey dey charge 4-8%.
The minimum transfer na $5 and the maximum na $250,000 per transaction. Higher limits dey available for KYC-approved users.
You fit pay via US bank transfer or debit/credit card.
We dey use the mid-market rate with transparent 0.5% spread. Live rates dey shown on our converter page.
Yes. Track your transfer for real-time from your dashboard with email and SMS notifications at each stage.
US Dollar (USD) na the official currency of Yunaítẹ́d Stets. Symbol: $. ISO 4217 code: USD. CrossPay dey offer live USD to NGN exchange rates updated for real time with transparent fees and fast delivery to Naijíria.
Use CrossPay to send money from Yunaítẹ́d Stets to Naijíria with great rates, low fees, and 0-1 day delivery.
Send Money to Naijíria1 USD = 1,372.105 NGN
Mid-market reference rate. Your final rate include a small spread — see the calculator below for the exact amount wey you go receive.