Dollar to naira at the official NFEM rate
Enter an amount to convert between US dollars and naira at the latest NFEM rate published by the Central Bank of Nigeria.
Banks, bureaux de change and card payments use their own prices, which can be different.
How it's calculated
- The NFEM rate is the volume-weighted average of the deals done in the official market on that day.
- Dollars to naira: amount × rate. Naira to dollars: amount ÷ rate.
- On days without trading, the last published rate is used.
An example
At ₦1,331.61 per dollar, US$100 is ₦133,161.39.
Frequently asked questions
Why is this rate different from the street rate?
The NFEM rate comes from trades in the official market. Other channels set their own prices.
How often does the rate change?
The CBN publishes a new NFEM rate for each trading day.
Which rate does the CBN publish?
For each day it shows the NFEM rate, the highest, lowest and closing rates, and the turnover. This page uses the NFEM rate.
Key terms
- NFEM
- Nigerian Foreign Exchange Market, the official market for naira and foreign currency.
- CBN
- Central Bank of Nigeria.
The same calculation in other countries
Canada (English)
Kenya
Tanzania
Ghana
Kuwait
Jamaica
Rwanda
Qatar (English)
Cameroon (English)
Zambia
Ethiopia
Namibia
Malawi
Liberia
Gambia
Barbados
Belize
Brunei
Nepal
Samoa
BhutanUp-to-date official data
NFEM rate, naira per US dollar (volume weighted average): updated , with the latest figure from Central Bank of Nigeria.
We check the official sources automatically, every day.
See all sources