Japanese Yen to Naira Today — JPY to NGN Rate 8/2/2026
How Much is 1 Japanese Yen to Naira Today?
CBN Official Rate
Central Bank of Nigeria
₦8.5600
per 1 Japanese Yen (JPY)
Est. Black Market Rate
Parallel market estimate
₦8.8339
per 1 Japanese Yen (JPY)
Estimated black market JPY rate = CBN JPY/NGN rate × (Black Market USD ÷ CBN USD).
Last updated: 8/2/2026.
The Japanese Yen to Naira exchange rate today is approximately
₦8.8339 Naira per 1 JPY (estimated parallel market rate).
The official CBN rate is ₦8.5600 per JPY.
Because the Japanese Yen is a low-denomination currency, most people convert in thousands —
1,000 JPY equals approximately ₦8,834 Naira today.
How much is 10,000 Yen in Naira? 10,000 JPY = approximately
₦88,339 Naira at today's estimated rate.
How much is 1 Naira in Yen? At today's rate, ₦1 Naira = approximately
0.11 JPY.
About the Japanese Yen and Nigeria
The Japanese Yen (JPY) is the official currency of Japan and the third most traded currency
in the world's foreign exchange markets after the US Dollar and Euro. Despite Japan's status
as the world's third-largest economy, the yen is a low-denomination unit — 1 USD typically
equals 140–155 JPY — which is why you need large yen amounts to get significant naira.
There is a growing Nigerian community in Japan, particularly students on Japanese government
scholarships, researchers, and professionals. Nigeria is also an important trading partner
for Japanese automotive and electronics companies, meaning Nigerian importers frequently
need to convert between naira and yen.
The JPY/NGN rate is not directly quoted in Nigeria's parallel market — it is estimated
using the CBN's JPY/NGN rate scaled to the current dollar to naira black market rate on
Aboki Forex.
Why is the Yen Weak?
The Japanese Yen has weakened substantially against the US Dollar in recent years, falling
from around 110 JPY per dollar in 2021 to 150+ JPY per dollar by 2024. The cause is Japan's
ultra-low interest rate policy — the Bank of Japan maintained near-zero (and briefly negative)
interest rates while the US Federal Reserve aggressively raised rates, causing capital to
flow out of yen and into dollars. This weakness in JPY/USD directly reduces the JPY/NGN rate
as well, since the naira tracks the dollar.
Best Ways to Send Money from Japan to Nigeria
Nigerians in Japan sending money home have several good options:
Wise (formerly TransferWise): Supports JPY → NGN at the mid-market rate
with transparent fees. Transfers arrive in Nigerian bank accounts within 1–2 business days.
The best option for most amounts.
Sendwave: Zero-fee Japan-to-Nigeria transfers via mobile app. Fast delivery
to Nigerian banks. Excellent for regular family remittances.
Remitly: Supports Japan → Nigeria. Express option delivers within hours;
Economy option takes 2–5 business days at a lower rate.
Western Union: Available at Japan Post banks and convenience stores (7-Eleven,
FamilyMart, Lawson). Good for urgent transfers or recipients who prefer cash pickup.
USDT P2P: Buy USDT (Tether) in Japan via a Japanese crypto exchange
(bitFlyer, Coincheck, or Binance) and send to your recipient's Nigerian Binance wallet.
They sell USDT on Binance P2P for near black market naira rates. Best naira rate available
but requires crypto knowledge from both sides.
Always compare what 1,000,000 JPY delivers in naira across services before sending.
The JPY/NGN rate shown on this page is your benchmark.
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.
