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The NGN/US Dollar exchange rate is influenced by oil prices, inflation, foreign reserves, and economic stability in Nigeria. Since Nigeria relies heavily on oil exports, changes in global crude oil demand and prices can strongly affect the Nigerian naira (NGN). Central bank policies, foreign investment flows, and government regulations on foreign exchange also play a major role. In addition, political uncertainty, trade balances, and fluctuations in the US dollar can significantly impact the NGN exchange rate
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As of July 12, 2026, 1 Nigerian Naira is worth exactly 0.00073 US Dollar. Our exchange rates are updated in real-time to give you the most accurate market data.
The US Dollar (USD) is strong because it is the world's primary reserve currency and the most widely used currency in global trade and finance. High global demand for USD-denominated assets, especially US Treasury bonds, continuously supports its value. Its strength is also reinforced by deep financial markets, global trust in US institutions, and safe-haven demand during economic crises.
You can easily convert Nigerian Naira to US Dollar using our live FX calculator at the top of this page. Simply enter the amount you wish to convert, and our tool will instantly calculate the value based on current market rates.
The Swiss Franc (CHF) is considered very stable thanks to Switzerland's low inflation, strong banking system, and cautious monetary policy. The Singapore Dollar (SGD) is also stable, managed through a currency basket by the Monetary Authority of Singapore. Both tend to hold their value well during global uncertainty and market volatility.
While this tool provides the live interbank exchange rate for 1 NGN to USD, physical currency exchanges, banks, and payment providers often charge a markup or conversion fee. Always check with your provider for the final transactional rate.
The Nigerian Naira (NGN) became Nigeria’s official currency in 1973, replacing the Nigerian Pound as part of the country’s decimalization reforms. Issued by the Central Bank of Nigeria, the naira has experienced major fluctuations over the decades due to inflation, oil price changes, and currency reforms. Today, it remains one of Africa’s most important and widely traded currencies.
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