What is rate of Nigerian naira to dollar?

The exchange rate between the Nigerian Naira (NGN) and the United States Dollar (USD) is constantly changing and is subject to market fluctuations. Depending on the specific date and source of information, the rate may vary.

As of my knowledge cutoff in September 2021, the exchange rate was approximately NGN 411 to $1 USD. However, this information may be outdated, so it is always best to check a reliable and up-to-date source for the most current exchange rate.

Here are some resources where you can find the latest exchange rates:

* Central Bank of Nigeria (CBN): The official website of the CBN provides daily updates on the exchange rate between the NGN and various foreign currencies, including the USD.

* XE Currency Converter: A popular online tool that allows you to convert between different currencies, including the NGN and USD.

* OANDA: A currency exchange company that provides real-time exchange rates and charts for various currency pairs, including NGN/USD.

When checking exchange rates, it's important to note the following factors that can influence the rate:

* Market conditions: The exchange rate is largely determined by supply and demand in the foreign exchange market.

* Economic factors: Factors like inflation, interest rates, and economic growth can impact currency exchange rates.

* Political events: Geopolitical events and political stability can also affect currency rates.

To stay informed about the latest exchange rate between the NGN and USD, it's recommended to regularly monitor a reputable financial news source or use a currency converter tool that offers live updates.