Official CBN rate (NFEM)
₦1,324.21
Auto-updated · open.er-api.com
01 · Live market data
What Quidax's order book says right now 📊
Every number below comes from Quidax's public API, refreshed every 15 seconds. The spread panel shows how close the USDT/NGN price is to the official CBN rate.
02 · What's happening on Quidax right now
Where the money is actually moving today
Naira traded in last 24 hours
₦381.51M
Across 10 naira pairs
How much of that was stablecoins
9.4%
USDT
Naira pairs actively trading
10
Includes the regulated cNGN. (Plus 3 currently inactive pairs)
What B2B could be worth, per year
$1.2M
Modeled estimate · middle-of-the-road assumptions
Live numbers from app.quidax.io/api/v1/markets/tickers · Live · just refreshed. The B2B number is an analyst model. The full assumptions and sliders are further down the page.
03 · Live · The naira-dollar gap
What does a dollar cost on Quidax vs. the CBN vs. the streets? 🚦
Three dollar prices, side by side: the USDT price on Quidax, the official CBN rate, and the parallel street rate. The smaller the gap, the more sense stablecoins make for real business settlement.
Quidax (USDT/NGN)
₦1,368.05
Live · from /markets/tickers
Street / parallel market
₦1,348.05
Auto-estimated · 1.8% over official
How the three prices compare
CBN₦1,324.21
Parallel₦1,348.05
Quidax₦1,368.05
Quidax is +3.31% from the official CBN rate. The street market is +1.80% away. Since Nigeria unified its FX windows, these three prices keep converging. The closer they get, the more practical stablecoins become for real business settlement. 🏦
Why this matters
- Treasury planning: CFOs need one trustworthy number to book dollar bills in naira without guessing games.
- Remittance pricing: The gap between official and street is where remittance apps make their money. A published Quidax rate beats trying to guess the BDC rate on WhatsApp.
- Less risk on every trade: Smaller spreads mean cross-border settlement using stablecoins finally pencils out perfectly.
Reference rates are auto-updated (as of 2026-09-05). Parallel estimated at +1.8% over official.
| Reference | NGN per USD | Source |
|---|---|---|
| Quidax USDT/NGN | 1368.05 | Live ticker |
| CBN NFEM official | 1324.21 | Auto-updated, as of 2026-09-05 |
| Parallel market | 1348.05 | Auto-estimated, as of 2026-09-05 |
04 · Live · The regulated naira stablecoin
Is cNGN holding its 1-naira peg?
cNGN is the naira stablecoin issued by the African Stablecoin Consortium (ASC) under Nigeria SEC ARIP oversight. Busha listed it first on February 3, 2025 (per TechCabal); Quidax followed on March 12, 2025 (per Quidax corporate blog). Volume is still small — roughly 8% of stablecoin demand (analyst estimate) — so the question is simple: is it holding its 1-naira peg? 🏦
Holding the peg
cNGN price right now
0.9998
Should be: 1.0000
How far off the peg
-0.02%
Bands: Holding < 0.25%· Watching 0.25–<1.00% · Off the peg ≥ 1.00%
Sanity check: dollar price implied by cNGN
₦1,405.88
Calculated through cNGN/USDT. Should match the direct USDT/NGN price above.
Last 30 days: how well cNGN held its peg
30 days · /markets/cngnngn/kLowest: 0.9998Highest: 0.9998Dotted line is the 1.0000 peg
11 · Proof the API works
All 10 active naira pairs (out of 12 listed total), watch them tick ⚡
Live· 0s ago
- BTC/NGN₦109,061,867+0.29%
- ETH/NGN₦3,376,280+0.82%
- QDX/NGN₦180.720.00%
- XRP/NGN₦1,942.13+1.37%
- DASH/NGN₦92,064+20.80%
- LTC/NGN₦75,163+8.87%
- USDT/NGN₦1,368.05-0.06%
- TRX/NGN₦456.31+0.34%
- CNHC/NGN₦126.660.00%
- CNGN/NGN₦1.000.00%
This strip checks /api/markets every 15 seconds. The route validates Quidax's response, caches it for everyone, and falls back to a clearly labelled stale or empty state if Quidax is down. It never invents prices. 🔒