# In Nigeria a stablecoin dollar costs 2.1% more than the official rate

Prices from the 02:00 UTC hour, 2 Nov.

The official rate is 1,348.45 NGN per dollar. On the exchanges where people in Nigeria trade stablecoins, one costs 1,377 NGN. A stablecoin is a coin that stays worth one US dollar.

|  |  |
| --- | --- |
| Official rate | 1,348 NGN |
| A stablecoin on an exchange | 1,377 NGN +2.1% |
| A stablecoin from people selling to each other | 1,392 NGN +3.2% |
| Cash at a money changer | 1,385 NGN +2.7% |

For US$100, people pay 137,700 NGN. The official rate says 134,845 NGN.

Today a stablecoin is cheaper than cash from a money changer here. Cash costs 0.6% more.

Only 1 source

Prices from the 02:00 UTC hour, 2 Nov

<https://margin.wiki/data/countries/NGN.json>

## How the gap moved, day by day

One point per day, the price we published that day. 0% is the official rate.

Today's gap is close to the smallest since 9 Oct 2026, in our own checks. On most days the gap is between 2.1% and 3.5%.

From 9 Oct this price comes from an exchange instead of an independent price source, so it can jump that day.

## Where this price comes from

We take a country's price from exchanges first, then brokers, then people selling to each other on Binance and OKX. Here it comes from an exchange.

Luno

1,377 NGN +2.1%

## Where to go next

Sending money to Nigeria

What a stablecoin and the cheapest transfer app cost on the way there, this hour.

→

Every country

All 55 countries, sorted by how far a dollar sits above the official rate.

→