What is the current USD/NGN exchange rate?

The current mid-market rate is 1 US Dollar = ₦1,344 Nigerian Naira. This is the real exchange rate without any bank or service markup. Transfer providers typically charge 0.5%–4% above this rate.

What is the cheapest way to send money from USD to NGN?

Wise typically offers the lowest total cost for USD/NGN transfers — usually 0.5–0.6% above mid-market with a small flat fee. Remitly is often cheaper for smaller amounts with zero transfer fees on the Economy option. Both are significantly cheaper than a bank wire, which can charge 3–4% markup plus a $25–$45 wire fee.

How long does a USD to NGN transfer take?

Wise takes 1–2 business days for most USD/NGN corridors. Remitly Express can arrive in minutes for bank deposits. Bank wires typically take 3–5 business days and may have intermediate bank delays for less common currencies.

Is now a good time to send USD to NGN?

Check our "Should I Send Now?" signal on this page — it compares today's rate against the 90-day historical range. If the rate is in the top 20–30% of its range, it's generally a good time to send. You can also set a free rate alert to be notified when the rate reaches your target.

Are there transfer limits for USD/NGN transfers?

Wise allows up to $1 million per transfer for personal accounts with identity verification. Remitly's limit is typically $10,000–$30,000 per day depending on verification level. Banks generally have higher limits but charge much more. For large transfers, compare using our calculator above.