As of May 2025, the exchange rate of 1 US Dollar (USD) to Nigerian Naira (NGN) varies depending on the source and market:
- The official mid-market rate is approximately ₦1,585 to ₦1,624 per 1 USD
- The Central Bank of Nigeria rate is around ₦1,585 to ₦1,588 per 1 USD
- The parallel (black) market rate in Lagos is about ₦1,625 to ₦1,630 per 1 USD
- Historical data shows fluctuations in the range of roughly ₦1,500 to ₦1,610 in recent months
In summary, 1 US Dollar currently exchanges for roughly between ₦1,585 and ₦1,630 Nigerian Naira, depending on the market and timing.
