Nigeria: a neutral NGN reference and a daily view of which payment rails work

The desk's task: quote fairly, settle without surprises

An OTC desk or exchange house in Nigeria has to agree a rate with a counterparty and then move naira through bank transfers, instant transfers, cards, wallets or mobile money. The official rate and the rate people actually pay often differ, and each side tends to bring its own number. A rail that is slow or down on the day can stall a settlement that was priced correctly. The desk needs a neutral reference for the price and an honest status for the rails.

Today's street rate for NGN

As of 2026-11-08, the street rate for the US dollar in Nigeria is 1,372 NGN per USD, according to the EMpulse Street FX Index (35 sources, confidence high).

EMpulse Street FX Index — NGN

How the index and the Rail Health Index help

EMpulse publishes the street rate of the naira against the US dollar and USDT as a daily reference, with a confidence class and the number of sources shown on every figure. It is built from transaction-based market data and quotes from independent public market sources. The Rail Health Index adds the operational side. For each payment method in Nigeria it shows a status of healthy, degraded or outage, a health index measured against that rail's own norm, availability through the day and a supply class, separately for pay-ins and payouts. Both are available on the website and by API.

Продукты · Методология · API

Plans

Оплата в USDT (TRC-20). Годовые тарифы на 15% дешевле месячных.

Questions from OTC desks and exchangers

What is the street rate and how does it differ from the official rate?

The street rate is the rate people actually pay when they exchange naira for US dollars or USDT. It can differ from the official rate. EMpulse shows it with a confidence class and the number of sources, so you can see how firmly each figure is supported.

What do healthy, degraded and outage mean for a payment rail?

Each status compares a rail with its own normal behaviour. Healthy means it is working as usual. Degraded means it works with visible problems. Outage means it is not usable at the moment. The health index and the availability through the day show how that status developed.

Which payment methods are covered?

Cards, bank transfers, instant transfers, e-wallets, mobile money, cash, crypto and direct local rails, for pay-ins and for payouts. The methods listed for Nigeria depend on what the index can observe at the time.

Can I use the index as a settlement reference?

Many desks use an independent daily reference as a neutral point between two parties. Agreeing to use it is a matter for you and your counterparty. The page and the API are reference information, not investment advice.

How do I get the data into my own systems?

Through the API, in addition to the website. The plans above show what each level includes, from a free view to fuller access.

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