As of May 16, 2025, the exchange rate of 1 US Dollar (USD) to Nigerian Naira (NGN) is approximately between 1,600 and 1,666 Naira depending on the source and market:

• Official and mid-market rates hover around 1 USD = 1,601 to 1,624 NGN

• The black market rate is higher, around 1 USD = 1,630 to 1,635 NGN

• Some platforms report rates up to about 1,666 NGN per USD

This variation reflects differences between official rates, mid-market rates used by money transfer services, and black market rates in Nigeria. The black market rate tends to be higher due to demand and currency controls. In summary, you can expect roughly:

Source/Market| Exchange Rate (1 USD to NGN)
---|---
Official/Mid-market| ~1,600 to 1,624 NGN
Black Market| ~1,630 to 1,635 NGN
Some online platforms| Up to ~1,666 NGN

These rates fluctuate daily based on market conditions