NAIRA/USD ($/₦) Daily Excange Rate Stat.

[igebotz]

I dey appeal this thread to di moderator boss igebotz to move am go to di main board for general discussion because as e dey here di discussion e dey boring. Dis thread no be political matter but the economy exchange rate which can be calculated around the coins and currencies in the nation. 

$1 right now is #1,388 in the parallel market.

No, this is a currency conversion thread and it's more appropriate on the economy sub-board but we don't have it and since it's not a Bitcoin related topic it can't be on the main board.

I'm finding it difficult to understand what you want people to discuss on a currency conversion thread.

[Agbe]

No, this is a currency conversion thread and it's more appropriate on the economy sub-board but we don't have it and since it's not a Bitcoin related topic it can't be on the main board.

I'm finding it difficult to understand what you want people to discuss on a currency conversion thread.

Yes this thread e dey good to be in the economics sub-board but since we no come get the economic sub-board for now, we keep am for the main board were other economics activities are discussed and not in the Politics and society sub-board. I know day you dey reserve di main board for Cryptocurrency discussions and we no get di economic board. And all Cryptocurrencies na di same economy so we dey discuss about currency exchange or conversion mostly specifically di local economy. Let di discussion be in the general economy discussion board since we no get sub economy board. I see dis topic in di "Politics and society" board as a odd topic there.

Current $/N exchange rate. $1 = N1,395.

[Agbe]

Current update of $/₦. Last week the exchange rate was $1 = N1,395. In the parallel market and as of today it is rating at $1 = N1,397.20 which is very close to N1400 right now. And my prediction of the market before the end of the year will be $1 = N1,400. Those people wey dey good for local currency exchange price rate go fit put mouth for dis matter. Like how una see dis prediction of $1 = N1,400 at di end of the year?

[Agbe]

Current exchange rate across exchanges and the parallel market.
Bybit is giving us $1 equal to ₦1394 and bitget is $1 is equal to ₦1383 and from here you can see that bybit is higher than bitget. Last week di price been dey $1 to ₦1397 and I been dey think say di price go go up this week and before this year go end e go hit $1 = ₦1400 but e dey come down now. If Tinubu wins next election, una go see weti go happen to naira.

[TrialBitcoin]

Current exchange rate across exchanges and the parallel market.
Bybit is giving us $1 equal to ₦1394 and bitget is $1 is equal to ₦1383 and from here you can see that bybit is higher than bitget. Last week di price been dey $1 to ₦1397 and I been dey think say di price go go up this week and before this year go end e go hit $1 = ₦1400 but e dey come down now. If Tinubu wins next election, una go see weti go happen to naira.

Your observation makes sense. Exchange rates can differ slightly across P2P platforms because prices are driven by supply and demand, so it's normal for Bybit to trade above Bitget on some days and below it on others.

As for the naira reaching ₦1,400/$1 before year-end, nobody can predict that with certainty. The exchange rate will depend on factors like inflation, foreign exchange supply, oil revenue, Central Bank policies, and investor confidence, not just politics. Likewise, saying the naira will definitely perform worse if a particular candidate wins is speculation rather than a certainty. The market can change quickly, so it's always better to follow the trend based on data instead of relying solely on predictions.

[Ribust]

Current exchange rate across exchanges and the parallel market.
Bybit is giving us $1 equal to ₦1394 and bitget is $1 is equal to ₦1383 and from here you can see that bybit is higher than bitget. Last week di price been dey $1 to ₦1397 and I been dey think say di price go go up this week and before this year go end e go hit $1 = ₦1400 but e dey come down now. If Tinubu wins next election, una go see weti go happen to naira.

Your observation makes sense. Exchange rates can differ slightly across P2P platforms because prices are driven by supply and demand, so it's normal for Bybit to trade above Bitget on some days and below it on others.

As for the naira reaching ₦1,400/$1 before year-end, nobody can predict that with certainty. The exchange rate will depend on factors like inflation, foreign exchange supply, oil revenue, Central Bank policies, and investor confidence, not just politics. Likewise, saying the naira will definitely perform worse if a particular candidate wins is speculation rather than a certainty. The market can change quickly, so it's always better to follow the trend based on data instead of relying solely on predictions.

I'm with you here. Because each market place caters to its own base of buyers, sellers, availability of funds and popular payment methods, there are indeed slight exchange rate differences between P2P platforms. Small differences don't constitute trends - in most cases this is purely a market phenomenon.

I, like you, would rather avoid making concrete exchange rate predictions for the future.

There are too many economic/political factors affecting the valuation of currencies. Monitoring hard facts, and not predictions-based actions, always leads me to making sounder financial decisions.

[Agbe]

There are too many economic/political factors affecting the valuation of currencies. Monitoring hard facts, and not predictions-based actions, always leads me to making sounder financial decisions.

Yes we all know say politics dey goe the devaluation of di naira and our preido nai no smart reach and him na selfish person if not na di best time to make Nigeria better be dis. But na to borrow and share di money him sabi. For di exchange rate analysis. Well nobody go twtr the exact rate wey im go stand before di year go end but there be always assumption. You know say December period nai be another time wey dollar dey increase and things dey cost well well. Make w dey dre weti go happen at di end. Currently di price na $1 to N1393.

[Oyoyoma_yu]

Nigeria naira has really lost its value against naira, initially when Nigeria gained independence, the value of naira was higher than the value of dollar, and sometimes between 2010 to 2015,  a dollar was about 150 naira. Today, naira has drastically depreciated against dollar to the rate of one dollar to 1465, and so on. Honestly, their is no sign of recovery, this currency depreciation is the reason why the Nigeria economy is difficult to revive. This is never a good record regarding our own currency, and how our fiat currency landed here is something very difficult for me to explain.
Wrong monitary policies is another thing that kept our currency in this state which I know Nigeria leaders are taking advantage of it.

[Agbe]

Nigeria naira has really lost its value against naira, initially when Nigeria gained independence, the value of naira was higher than the value of dollar, and sometimes between 2010 to 2015,  a dollar was about 150 naira. Today, naira has drastically depreciated against dollar to the rate of one dollar to 1465, and so on. Honestly, their is no sign of recovery, this currency depreciation is the reason why the Nigeria economy is difficult to revive. This is never a good record regarding our own currency, and how our fiat currency landed here is something very difficult for me to explain.
Wrong monitary policies is another thing that kept our currency in this state which I know Nigeria leaders are taking advantage of it.

Na bad government dey cause. Me I personally think say Tinubu go do well for this government but na di opposite we dey see. All di promises di guy made during di campaign time, none came to pass. Again him don come again dey try to campaign say him go make di refineries work. Weti him declare sy dey work in 2024. And in Africa dollar and gas nai dey control the prices of commodities.

Though di devaluation of di. Naira na always agreement between two government to benefit one. Right now Tinubu agreed to devalue di naira for dollar so he ho benefits some things from US. And in economy, anything wey di Masses no dey benefits na useless. And currently as of today di price of dollar in the parallel market na"$1=N1395.35.

[Agbe]

Last week the exchange rate hit $1=N1407 and immediately come down to $1=N1397 and currently na $1=N1385. Her is my analysis again. Dis campaign period dollar go come down before di year go end things go some good because opposition party dem go use di inflation to attack di rulling party. We don reach another campaign time again and we go dey see fake fake promises from di ruling party. All Nigerians want na to reduce inflation so dt ordinary citizens go fit buy something chop but as e be like this no way.

Yesterday when I go buy fuel the price e don come down like 0.001% because na N1350 nai e been dey but now na N1300. And once dollar exchange rate come down make products and goods prices go come down well well. All what I want na di price to come down to the amount I met am when I came.to this World. Which was $1=N20 or N21.

[Crakryptvest]

Last week the exchange rate hit $1=N1407 and immediately come down to $1=N1397 and currently na $1=N1385. Her is my analysis again. Dis campaign period dollar go come down before di year go end things go some good because opposition party dem go use di inflation to attack di rulling party. We don reach another campaign time again and we go dey see fake fake promises from di ruling party. All Nigerians want na to reduce inflation so dt ordinary citizens go fit buy something chop but as e be like this no way.

Yesterday when I go buy fuel the price e don come down like 0.001% because na N1350 nai e been dey but now na N1300. And once dollar exchange rate come down make products and goods prices go come down well well. All what I want na di price to come down to the amount I met am when I came.to this World. Which was $1=N20 or N21.

Don't you think that manipulating the me market, might have severe consequences later, the present government, infact the APC government has no direction, their policies is the worst I have seen so far since my life time, the make decisions without minding or think the effect it will have on the common people.
Are you sure that what has been the repetitive style of Nigerian politicians will happen again during this period of preparation to the general election, I hope you understand that Tinubu as someone who have already concluded his rigging plans may not care to put measures in place to crash the price of goods, different country are putting things in place to make sure that inflation in their country drops, but nothing of such here in Nigeria.

Dollar may not drop that much, and even though the Nigerian president direct the CBN Governor to release more dollar in the money market at a reduced price, it will only be a temporary thing, but the after effect might be dangerous, because people will definitely hold it, which will eventually make it scarce again, see make I tell you my brother, Nigeria government know say na to the produce more things here na em go help Nigeria, as long as we still depend mostly on imported goods, dollar no go fit drop to my level wey e dey before, make we just wait small, e go rise more.

[Chinesebaby]

Yesterday when I go buy fuel the price e don come down like 0.001% because na N1350 nai e been dey but now na N1300. And once dollar exchange rate come down make products and goods prices go come down well well. All what I want na di price to come down to the amount I met am when I came.to this World. Which was $1=N20 or N21.

It's true say if the price of Dollar comes down against Naira say eh go affect our economy positively, but however don't be surprised say this same dollar fit come down and yet the price of goods and services for this we country no go come down oh, because eh dey obvious say business man and woman go claim say all these things they have in their shop are old stocks which they bought at high prices, and they will definitely just want to sell everything before they can restock and adjust prices of items. Unlike if it was to be the reverse of the case. However, if dollar comes down, it will definitely affect all those earning in dollars. And secondly, if only government can subsidized petroleum just as it was before, things will definitely be affordable.

Moreover, right now dollar is currently trading at #1,390 per Dollor at the moment

[Majestic-milf]

It's true say if the price of Dollar comes down against Naira say eh go affect our economy positively, but however don't be surprised say this same dollar fit come down and yet the price of goods and services for this we country no go come down oh, because eh dey obvious say business man and woman go claim say all these things they have in their shop are old stocks which they bought at high prices, and they will definitely just want to sell everything before they can restock and adjust prices of items. Unlike if it was to be the reverse of the case. However, if dollar comes down, it will definitely affect all those earning in dollars. And secondly, if only government can subsidized petroleum just as it was before, things will definitely be affordable.

Moreover, right now dollar is currently trading at #1,390 per Dollor at the moment

E don tey wey we don dey hear about naira to dollar price movement and how price of things go come down for we country if the dollar depreciate but if we dey honest, nothing dey go down. For naija, once things don go up, e go hard to come down and this no be say nah just assumptions, rather nah wetin we dey see and since we dey under a corrupt government wey no fit give accountability of themselves, wetin be the need of hoping for a betterment of the naira when we know say whenever them tell us say the dollar don drop against the naira nah just daybreak scam dem dey use keep us from questioning why things no fit go down.

[cocadalcan]

There are too many economic/political factors affecting the valuation of currencies. Monitoring hard facts, and not predictions-based actions, always leads me to making sounder financial decisions.

Yes we all know say politics dey goe the devaluation of di naira and our preido nai no smart reach and him na selfish person if not na di best time to make Nigeria better be dis. But na to borrow and share di money him sabi. For di exchange rate analysis. Well nobody go twtr the exact rate wey im go stand before di year go end but there be always assumption. You know say December period nai be another time wey dollar dey increase and things dey cost well well. Make w dey dre weti go happen at di end. Currently di price na $1 to N1393.

The Naira has strengthened against the dollar compared to last year. Statistics show that in this month last year, $1 was worth N1535. Currently, the exchange rate of $1 is N1393. This is a sign of economic improvement. If the government could reduce the rate of inflation, commodity prices would have decreased a lot, but the financial sector is still unstable due to the pressure on the dollar to meet the cost of goods and services and to repay foreign loans. In the first quarter of 2026, the country's foreign debt was $51.90 billion. According to the terms of foreign loans, the central bank will have to increase the dollar reserve. This financial pressure is on the Nigerian people.

[Agbe]

The Naira has strengthened against the dollar compared to last year. Statistics show that in this month last year, $1 was worth N1535. Currently, the exchange rate of $1 is N1393. This is a sign of economic improvement. If the government could reduce the rate of inflation, commodity prices would have decreased a lot, but the financial sector is still unstable due to the pressure on the dollar to meet the cost of goods and services and to repay foreign loans. In the first quarter of 2026, the country's foreign debt was $51.90 billion. According to the terms of foreign loans, the central bank will have to increase the dollar reserve. This financial pressure is on the Nigerian people.

Yes dat one day. Last year di rate was $1 = N1,453 in closing rate of di market though users predicted dat e go enter N1300 in di last year but e no enter but e come enter N1,300+ dis year. And we dey battle with that figure till now and right now di rate dey favor naira. Therefore if anyone wey no dey invest for long time but will sell dem before this year go end, I advise you to do now because di exchange rate e no go favour us this year ago because there is a pressure on Tinubu.

Current exchange rate of ($/₦) na $1 = ₦1,376. One naira don enter on top. From now till December di market go favour naira because general election e dey do corner and APC dey find weti to use to campaign. So of dollar go down and market things come down, dem.go.use am campaign. Even di current exchange rate of ($1 /₦1375) I no take am as good enough or improvement economy but a economy wey dey struggle to survive.

[Agbe]

As of last week do exchange rate was $1 to ₦1,376 and currently it is $1 to ₦1,365 that means ₦11 has been removed from the previous price performance and naira is appreciated in the market. The movement of the naira against the dollar is on the high now and I am expecting it to appreciate more on $1 to ₦900. But right dat one no be di issue. And do problem be day consumer's price e no dey reduce.

Bitget det give $1 to ₦1,330, and Calculator currency converter dey give $1 to ₦1,398 which is almost N1400. This price amazed me sha. Because dat one na official market price while exchanges dey use parallel market price. Na di ending of the year go tell which di currency dey appreciate more.

[Agathamay]

As of last week do exchange rate was $1 to ₦1,376 and currently it is $1 to ₦1,365 that means ₦11 has been removed from the previous price performance and naira is appreciated in the market. The movement of the naira against the dollar is on the high now and I am expecting it to appreciate more on $1 to ₦900. But right dat one no be di issue. And do problem be day consumer's price e no dey reduce.

Bitget det give $1 to ₦1,330, and Calculator currency converter dey give $1 to ₦1,398 which is almost N1400. This price amazed me sha. Because dat one na official market price while exchanges dey use parallel market price. Na di ending of the year go tell which di currency dey appreciate more.

This is a great arbitrage opportunity and is the currency converter also an exchange app? If yes then this opportunity is something worth looking into and I get friend wey Dey talk all this kind little opportunities but the issue be say to make something reasonable out of this kind business, you go need better money and that is why has kept my guy on the edge of the business.

E be like this thread Dey tire you to update so from today if I get chance, I fit still Dey help you update am but I go Dey use Bitget rate and wise rate and hope you no mind that one?

[Agbe]

This is a great arbitrage opportunity and is the currency converter also an exchange app? If yes then this opportunity is something worth looking into and I get friend wey Dey talk all this kind little opportunities but the issue be say to make something reasonable out of this kind business, you go need better money and that is why has kept my guy on the edge of the business.

Which business you dey talk? I dey confused here. Yes na apps but na calculator wey get all the currencies in di world so as you input di digits or the currency you want to convert, di rate go show for di other currency.

E be like this thread Dey tire you to update so from today if I get chance, I fit still Dey help you update am but I go Dey use Bitget rate and wise rate and hope you no mind that one?

if u go fit do am, I go happy well well because this thread na every day updating thread. Na like this I dey do am before. Within do week days, you go dey update like the way I dey do am but for on Saturday or Sunday you go dey do am like the Op.

Today analysis na like this. Bybit N1,366, bitget N1,270 and di calculator converter N1,390 then di total average of this na N1,342 which means, naira dey appreciate in daily basis. Therefore I go advice people say of dem no dey invest for long term, let them no keep for cryptocurrency again but for naira but if dem dey keep am long term investment no problem.

[Chinesebaby]

As of last week do exchange rate was $1 to ₦1,376 and currently it is $1 to ₦1,365 that means ₦11 has been removed from the previous price performance and naira is appreciated in the market. The movement of the naira against the dollar is on the high now and I am expecting it to appreciate more on $1 to ₦900. But right dat one no be di issue. And do problem be day consumer's price e no dey reduce.

Can you imagine that our Naira just appreciated by ₦11 and yet everywhere is calm and quiet as if nothing ever happened, unlike If the reverse was the case whereby the Naira lost that same  ₦11 or less, as all the market women and traders would have started capitalising on it as the reason why prices of food items have increased. But now, those same people won't see that Naira have appreciated and start reducing the price of their goods. Because to me, the same way Naira have remained consistent between  ₦1,350- ₦1,400 for several months, I will even prefer it to stay like that even till after next year's election, because it is obvious that these are election strategies.

[Agbe]

Snipped

I no come hear from you again. Or you busy with other activities to meet up di posting? No wahala, I just say make I bumped you up whether u don forget am.

Can you imagine that our Naira just appreciated by ₦11 and yet everywhere is calm and quiet as if nothing ever happened, unlike If the reverse was the case whereby the Naira lost that same  ₦11 or less, as all the market women and traders would have started capitalising on it as the reason why prices of food items have increased. But now, those same people won't see that Naira have appreciated and start reducing the price of their goods. Because to me, the same way Naira have remained consistent between  ₦1,350- ₦1,400 for several months, I will even prefer it to stay like that even till after next year's election, because it is obvious that these are election strategies.

Last two weeks Naira been dey appreciate and I think say im go come down well well to my surprise. I dey see say dollar dey appreciate again. Last two na $1 to ₦1,366 and currently in this week as e be like na $1 to ₦1,371 and still on di rising bar. I still dey talk am say if Tinubu wins election dollar go reach ₦1,500+ and him go use that one pack enough commont from seat.