Last Updated: April 28, 2026
The black market dollar rate in Nigeria changes almost every day. As of today, $1 is ₦1620 in the parallel market. This rate is different from the CBN official rate because it is determined by demand and supply among street traders and BDCs.
Many Nigerians use the black market rate for school fees abroad, business imports, and remittances. The rate goes up when demand for dollars is high. Bookmark this page and check back daily because we update the rate every morning.
The Central Bank of Nigeria CBN sets an official exchange rate. But most people cannot access dollars at that rate. Today CBN rate might be ₦1500 while black market is ₦1620. The gap exists because of dollar scarcity.
Our tool helps you calculate both. Just enter the amount and see your Naira equivalent instantly. This helps freelancers, students and importers plan better.
Sending $1000 to Nigeria can give you ₦1,620,000 at today’s black market rate. Best options: Remitly, WorldRemit, Wise, Bank Transfer, and Crypto P2P. Before you send, use our calculator to compare.
Welcome to DollarRateNG, your trusted source for USD to NGN conversion. We help Nigerians, students, freelancers and businesses calculate dollar rates quickly and accurately. We update our rate every morning.
Email: support@dollarrateng.com
Location: Katsina, Nigeria
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