Countries

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

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 rate1,348 NGN
A stablecoin on an exchange1,377 NGN+2.1%
A stablecoin from people selling to each other1,392 NGN+3.2%
Cash at a money changer1,385 NGN+2.7%

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

Today a stablecoin is the cheaper dollar here. Cash costs 0.6% more.

Only 1 source

Prices from the 01:00 UTC hour, 2 Nov

How the gap moved, day by day

One point per day, the price we published that day. 0% is the official rate. Tap a day to read it.

0%+1.0%+2.0%+3.0%+4.0%+5.0%9 Oct11 Oct13 Oct15 Oct17 Oct19 Oct21 Oct23 Oct25 Oct27 Oct31 Oct2 NovSource changed

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.

Luno1,377 NGN+2.1%