USD to NGN Exchange Rate History — Nigeria
Over the past 90 days, the USD to Nigerian Naira parallel (black market) rate moved from about 1,388 NGN on Jul 20, 2026 to 1,389 NGN on Jul 21, 2026 — a change of +0.1%. Across that window the Nigerian Naira held broadly steady against the dollar, trading between a low of 1,386 and a high of 1,390 NGN, averaging 1,389 NGN per US dollar.
Nigeria runs one of the world's most-watched parallel markets, where street dealers (popularly called "aboki") quote the naira far from the official window.
How to read the NGN rate history
The chart plots the parallel buy rate — how many NGN it took to buy one US dollar — at each point we recorded. The daily table below lists the closing buy and sell rate for each day, while the monthly table summarises the average, high and low for each month, which is useful for comparing one period with another.
A rising line means the Nigerian Naira is losing value (more NGN per dollar); a falling line means it is gaining. Over this window the spread between the high (1,390) and the low (1,386) shows how volatile the market has been — here, roughly 0.1% around the average.
What has moved the Nigerian Naira recently?
In Nigeria, the parallel rate is driven by factors such as chronic dollar scarcity, heavy import demand, oil-revenue swings, capital-control history. When dollars become scarcer or confidence falls, the street rate climbs ahead of the official Central Bank of Nigeria (CBN) rate; when supply improves or policy tightens, the gap can narrow again.
Because the parallel rate often moves before official devaluations, its history is a useful early-warning record — a steadily rising trend frequently precedes an official adjustment, while a long plateau suggests relative stability.
Using historical NGN rates
Historical rates help with budgeting, invoicing, remittance planning and spotting trends, but they are not a forecast — past movements do not guarantee future ones. For the live rate, see our main USD to NGN page, and use the converter for exact amounts.
All figures are aggregated from P2P platforms, community reports and market monitoring, then refreshed hourly. They are provided for information and price-transparency only and are not financial advice.