Three different numbers answer this question, and the gap between them is where most confusion lives. Here is what each one is, where it is published, and the one that updates live on this page.
There is no single dollar to naira rate. The official rate is the Central Bank's NFEM rate, published each trading day; the parallel market rate is what street dealers quote; and the stablecoin rate is what 1 USDT fetches in naira, which is the rate Nigerians who hold dollars as USDT actually receive. The live USDT figure is in the chip above and on the USDT to naira rate page.
| Rate | Figure | Source |
|---|---|---|
| Official (CBN NFEM rate) | ₦1,367.61 per $1 (NFEM rate), closing ₦1,365.00, for 26 October 2026, the latest day published | Central Bank of Nigeria exchange rate page |
| Parallel market | Buying about ₦1,370, selling ₦1,380 to ₦1,385 per $1, quoted by dealers in Lagos and Abuja on 27 October 2026 | Techeconomy daily rate report, 27 October 2026 |
| USDT payout rate on Yesa | Live in the chip at the top of this page and on the rate page; it moves through the day | Yesa's rate feed |
The parallel figure is indicative; the report itself notes that it varies by dealer, location and amount. The official figure is a volume-weighted average and the CBN's official rate for the day, so it is firm but it is not a rate you can walk in and get as an individual.
The Nigerian Foreign Exchange Market (NFEM) rate is a volume-weighted average and the CBN's official rate for the day. The CBN publishes it daily with the high, low and closing figures.
This is what many people search for as the black market rate: the price at which street dealers and bureau operators buy and sell cash dollars. It is quoted twice, a buying price and a higher selling price, and it varies by city, by dealer and by the size of the transaction. Newspapers report it each morning.
USDT is a token that tracks the dollar one to one. When you sell USDT on Yesa, the naira you receive per USDT is the stablecoin rate, and it tends to sit close to the parallel market because that is the price at which naira and dollars actually change hands between individuals. Unlike cash, it clears in minutes and goes straight to a bank account.
The official window is limited to banks and documented transactions, so demand that cannot get dollars there, from travel to tuition to small imports, meets supply on the parallel market at a higher price. On the latest figures above, the dealers' buying price is within a few naira of the official rate and the selling price is about N12 to N17 above it, though the two figures are from different days.
Rates move in both directions and nothing on this page predicts them. This is general information, not financial advice.
If your dollars are already in USDT, you do not need a dealer. Yesa shows you the exact naira figure for your USDT before you confirm, charges zero sell fees, and pays out to any Nigerian bank account. The live rate is in the chip above. Across 1,700 measured bank payouts on Yesa, the median payout time was 4.7 seconds. These are historical measurements, not guarantees. The on-chain part, your crypto reaching Yesa, comes first and depends on the network you send on. If you hold Bitcoin instead, the Bitcoin to naira rate page carries the same live figure for BTC.
It depends which rate you mean. On 26 October 2026 the CBN's NFEM rate was ₦1,367.61 per dollar; on 27 October dealers quoted the parallel market at about ₦1,370 buying and ₦1,380 to ₦1,385 selling; and the live USDT payout rate is in the chip at the top of this page.
The NFEM rate, a volume-weighted average and the CBN's official rate for the day, published on the CBN website with the day's high, low and closing figures.
Because demand that cannot be met at the official window goes to dealers, who price in the shortage.
USDT tracks the dollar one to one, so its naira rate moves with the dollar. It is usually close to the parallel market rate because both reflect what individuals actually pay for dollars. The live USDT figure on this page is the payout rate on Yesa.
In the chip at the top of this page, and on the USDT to naira rate page, which refreshes while it is open. The Yesa app shows your exact rate before you confirm a sale.
Access to the official window goes through banks, and depends on the purpose of the purchase and the documents the bank requires for it.
The Yesa Team. Details checked 27 October 2026. Codes and figures come from the institutions' own websites on the date shown; they change, so the bank, operator or regulator is the final word.