Loading page
FX live, 150 of 153 currencies refreshed 16 Oct 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
NIBSS · launched 2011
Nigeria's instant interbank transfer rail. Regulator-capped flat fees make it dramatically cheaper than cards, and it carries the bulk of Nigerian retail payment value.
A scheme- or regulator-set rate, or a widely reported figure. Source: CBN-capped transfer fee (₦10–₦50 by band).
Market
In force since 21 Aug 2022
50% effective
relative · from 0%
relative · 3 revisions
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
21 Aug 2022 → current
2 Jan 2021 → 21 Aug 2022
1 Jan 2019 → 2 Jan 2021
Online pricing across every country where this method is available, with the cost on a NGN 100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Nigeria | NGN 50.00, capped at NGN 50.00 | NGN 50.00 | 50% | 21 Aug 2022 | Reported rate |