Dollar to Naira Exchange Rate Today (Black Market and CBN) November 2018

As a Nigerian that is really interested in the FOREX market or maybe you conduct online payment transactions daily, the first thought that gets to your head every morning are; the current exchange rate of Dollar to Naira in black market or the CBN exchange rate Dollar to Naira. This is quite normal, that is why here at, we promise to bring to your daily updates of the current Dollar rate in Nigerian black market and the official CBN (Central Bank of Nigeria) rate. You can bookmark or always check on this page for future updates.

Dollar to Naira Exchange Rate Today (Black Market and CBN)

The United States Dollar (USD)

The United States Dollar (USD) is unarguably one of the strongest currency in the world today. It is accepted in almost parts of the world as a means of payment of services or transactions carried but online and offline. A hundred Cents makes up a Dollar, and the symbols of Cent and Dollar respectively are (¢) and $. The code for the United States Dollar is USD.

Some other countries also makes use of the Dollar as their official currency but their value and exchange rates are quite different from that of the United States Dollar. Example of such countries include; Ecuador, Zimbabwe, Canada, East Timor, Palau, Federated States of Micronesia, Panama, Turks and Caicos Island, Marshall Island, El Salvador, Caribbean Netherlands, British Virgin Islands, etc. One good fact about the United State Dollar is that it has an inflation rate of 0,10%.

The Nigeria Naira (NGN)

The Naira is the currency used by the biggest black nation in Africa, which is the Federal Republic Of Nigeria. The Nigeria Naira have maintained a stand of being one of the strongest currency in Africa as at the 20th century, but getting to the 21st century especially in recent times, things have really changed negatively. The foreign exchange rate of the Nigeria Naira have been on the decline in an alarming rate. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira respectively are; Kobo and ₦. The code for the Naira is simply written as NGN.

Also read: How To Register Into The Pepsi Football Academy In Nigeria

How Much Is Dollar To Naira Exchange Rate Today?

The United States Dollar to Nigerian exchange rate today in the parallel market is quite different from the official CBN rate. We shall be giving you daily updates of both dollar rates on this page. Look at them below:

Exchange Rate Dollar To Naira Black Market Today

The Nigeria black market dollar exchange rate today to the Nigerian Naira are as follows:

Buying = 1 USD to Naira 360

Selling = 1 USD to Naira 363

This is the current price as updated today, you can always check this spot for daily updates (or periodic updates) because they are done in realtime.

CBN Exchange Rate Of Dollar To Naira Today

The current CBN exchange rate of the Dollar to Naira today is:

1 USD = NGN 306

To get the Official Central Bank of Nigeria (CBN) daily exchange rate of the Dollar to Naira, always check on this spot for future updates as the figures are been updated in realtime.

If you will observe the present Dollar to Naira exchange rate and compare it to like few years back you will quite agree with me that the Nigerian Naira is currently losing its stand. Always check on for current information concerning the Nigerian Naira and its United States Dollar counterpart.

About Chibuzor Aguwa 227 Articles
Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. Like the saying does "All work and no play makes Jack a dull boy", some of my hobbies are listening to inspirational songs and watching football. A big fan of Manchester United Football Club.


    • Thanks Abdul for appreciating the content, I always try my best to give the current and accurate exchange rates.

      Regarding daily updates been sent to your email, you can easily subscribe to this blog using the subscription box found on this page. Enter your email address and confirm the subscription notification. After all these, then you will be getting updates.


  1. Very useful article and I also love the quality of your write-up.

    As a Forex person, I use Nairabarter for real-time tracking of how the Naira is performing amongst other currencies in the world including Bitcoin.

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