Qatari Riyal to Naira Today — QAR to NGN Rate 7/12/2026
How Much is 1 Qatari Riyal to Naira Today?
Est. Black Market Rate (Cross Rate)
Based on USD/NGN parallel market rate and QAR/USD peg (3.64 QAR = 1 USD)
₦392.03
per 1 Qatari Riyal (QAR)
Estimated black market QAR rate = Black Market USD/NGN rate ÷ 3.64.
The Qatari Riyal is pegged to USD at 3.64:1.
Last updated: 7/12/2026.
The Qatari Riyal to Naira exchange rate today is approximately
₦392.03 Naira per 1 QAR. Since the Qatari Riyal is pegged
to the US Dollar at a fixed rate of 3.64 QAR per dollar, 100 QAR = approximately
₦39,203 Naira and 1,000 QAR =
₦392,033 Naira.
The CBN does not directly publish a QAR/NGN rate. The estimated rate on this page is
calculated from the current dollar to naira
black market rate divided by Qatar's fixed USD peg of 3.64.
About the Qatari Riyal and Nigeria
Qatar hosts a significant Nigerian expatriate community, particularly professionals in
oil & gas, construction, healthcare, hospitality, and information technology.
The 2022 FIFA World Cup further expanded Qatar's workforce, with many Nigerians taking
up employment in the country. Nigerian workers in Qatar regularly send remittances home,
making the QAR to NGN rate one of the more searched Gulf currencies on Aboki Forex.
The Qatari Riyal (QAR) has been pegged to the US Dollar at
3.64 QAR = 1 USD since 1980. This peg has remained remarkably stable
— even during the 2017 Qatar blockade — making the QAR one of the most reliable Gulf
currencies. Because of this fixed peg, the QAR/NGN rate moves in exact lockstep with
the dollar to naira rate.
Best Ways to Send Money from Qatar to Nigeria
Nigerian workers in Qatar have several reliable options for sending money home:
Sendwave: Zero transfer fees for Qatar-to-Nigeria transfers. Fast
delivery directly to Nigerian bank accounts. The top choice for regular family remittances.
Wise (formerly TransferWise): Mid-market rate with transparent fees.
Supports QAR → NGN. Best for larger transfers where the rate matters most.
Remitly: Available in Qatar with Express (hours) and Economy (3–5 days)
delivery options. Regular promotions for first-time senders.
Al Ansari Exchange: The largest exchange house in Qatar, with hundreds
of branches. Supports cash and bank transfers to Nigeria via Western Union partnership.
Western Union: Available at many Qatar locations. Naira cash pickup
at any WU agent in Nigeria, or direct to Nigerian bank accounts.
MoneyGram: Available via exchange houses across Qatar. Direct to
Nigerian banks or cash pickup.
USDT P2P: Buy USDT on a Qatar-accessible exchange (Binance), send
to your recipient's Nigerian wallet, and they sell USDT on Binance P2P for near
black market naira rates. Best naira rate available.
Always compare the QAR/NGN rate your service offers against the estimate on this page
to ensure you're getting a fair deal.
Quick calculation tip: Since 1 USD = 3.64 QAR (fixed), you can
convert any QAR amount to USD by dividing by 3.64, then multiply by the current
dollar to naira rate for the naira equivalent.
No, we do not trade any currency pair. Aboki Forex is purely an information platform that provides real-time black market and official CBN exchange rates. To exchange currency, contact a licensed Bureau de Change (BDC), your bank, or a trusted local forex dealer.
Is AbokiFx the same as Aboki Forex?
No, Aboki Forex (abokiforex.app) and AbokiFx are two separate and unaffiliated platforms. We are not connected to AbokiFx in any way. Aboki Forex provides live black market and CBN exchange rates for all major currencies versus the Nigerian Naira.
How can I Exchange Currency in Nigeria?
To exchange foreign currency in Nigeria, you have several options: (1) Visit a licensed Bureau de Change (BDC) — these are regulated by the CBN and found in major cities. (2) Use your commercial bank — they offer official CBN rates for account holders. (3) Use a trusted local forex market dealer — these operate in parallel/black market and typically offer higher rates than banks. Always verify the current rate on Aboki Forex before exchanging to ensure you get a fair deal.
Are the Black Market Rates accurate in all Markets?
Aboki Forex provides average black market rates collected from multiple dealers across major Nigerian cities including Lagos, Abuja, Kano, and Port Harcourt. Because the parallel market is unregulated, actual rates vary by location, dealer, and transaction size. The rates on Aboki Forex are a reliable benchmark, but always confirm the exact rate with your dealer before completing any transaction.
What is the difference between CBN, I&E and Black Market Rates?
The CBN (Central Bank of Nigeria) rate is the official government exchange rate used by commercial banks and regulated financial institutions. The I&E (Investors and Exporters) window was a market-based rate that has now been merged with the official CBN rate following Nigeria's forex unification policy. The Black Market rate (also called the parallel market or street rate) is typically higher than the official rate and reflects actual supply and demand dynamics for foreign currency in Nigeria outside the regulated banking system.
How often are the exchange rates updated on Aboki Forex?
Black market exchange rates on Aboki Forex are updated every hour throughout the trading day. The rates reflect real-time data collected from parallel market dealers across Nigeria. CBN official rates are updated daily, typically after the Central Bank of Nigeria publishes its official rates each business day.
What is the best way to send money from the USA to Nigeria?
The best way to send money from the USA to Nigeria depends on the amount: Sendwave charges zero fees for everyday transfers, Wise gives the best exchange rate on larger amounts, and USDT P2P delivers naira closest to the black market rate. Note that Zelle, Cash App, and Venmo cannot send money to Nigeria. See our full guide on how to send money from the USA to Nigeria, and check the live dollar to naira black market rate before you send.
Why is the black market dollar to naira rate higher than the official CBN rate?
The black market dollar to naira rate is higher than the official CBN rate because of the gap between foreign currency supply and demand in Nigeria. The Central Bank of Nigeria controls access to dollars at the official rate, limiting who can buy forex through official channels. Businesses and individuals who cannot access dollars through banks must turn to the parallel market, where higher demand relative to supply drives up the exchange rate.
