USD → 
NGN ⚡ Popular Rate as of2026-05-17 USD to NGN Converter.
⚡
Current rate
1 USD = 1580 NGN as of 2026-05-17. A major African diaspora remittance corridor — Nigeria received ~$20 billion in personal remittances in recent years, the largest in Africa. Driven by ~17M Nigerian diaspora globally (UK, US, Canada, South Africa primary). NGN has lost ~75% of its value against USD over 5 years following the CBN's 2023 unification of multiple exchange rates and subsequent managed float — one of the largest EM currency adjustments in recent memory.
💱
Rate as of 2026-05-17USD → NGN Converter
$
🇺🇸 $1.00 = 🇳🇬
NGN 1,580.00
Rate: 1 USD = 1580.0000 NGN
Common conversions
| 🇺🇸 USD | 🇳🇬 NGN |
|---|---|
| $1.00 | NGN 1,580.00 |
| $10.00 | NGN 15,800.00 |
| $100.00 | NGN 158,000.00 |
| $500.00 | NGN 790,000.00 |
| $1,000.00 | NGN 1,580,000.00 |
| $5,000.00 | NGN 7,900,000.00 |
| $10,000.00 | NGN 15,800,000.00 |
| $50,000.00 | NGN 79,000,000.00 |
| $100,000.00 | NGN 158,000,000.00 |
✨ Mid-market rate · 2026-05-17 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend
USD trend over time.
Today
1580
1 USD = NGN
1 year ago
1450
↑ 9.0% in 12 months
5 years ago
380
↑ 315.8% in 5 years
❓ FAQ
USD to NGN FAQ.
Best way to send USD to NGN for Nigerian diaspora remittance?
For amounts under $3,000: Sendwave, Wise, and Remitly offer competitive NGN rates with delivery to GTBank, Zenith, UBA, or First Bank in minutes via NIP (Nigeria Inter-Bank Settlement System). For larger amounts: direct bank wire to a Nigerian domiciliary account (USD-denominated) then converted locally — often the best rate due to CBN's tiered FX windows. Avoid Western Union for large amounts; spreads are wider than digital alternatives.
Why did NGN crash from 380 to 1580 per USD?
Pre-2023, Nigeria operated a multiple-exchange-rate system with the official rate at ~₦450/$ and the parallel ("black") market rate at ₦700-1100/$. In June 2023, the new Tinubu administration unified the rates and let the official rate float, immediately crashing to ~₦750/$. By 2024, CBN ran down its forward book and the rate slid to ₦1,500-1,600/$ as accumulated FX backlogs cleared. The market is now effectively single-rate but volatile due to thin FX reserves (~$32B).
Nigeria CBN exchange rate windows — do I get the official rate?
Post-2023 unification, there is effectively one rate: the NAFEX (Nigerian Autonomous Foreign Exchange) rate at which licensed I&E (Investors & Exporters) Window trades occur. This is the rate most retail remittances now use. Some I&E participants offer marginally better rates for institutional flows. For diaspora remittances, what you see on Remitly/Wise is close to NAFEX with a small markup.
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