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Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,376 – ₦1,379 | ₦1,385 – ₦1,395 | ₦1,390 |
| Euro (EUR) | ₦1,600 – ₦1,610 | ₦1,700 – ₦1,730 | ₦1,603 |
| British Pound (GBP) | ₦1,820 – ₦1,840 | ₦1,880 – ₦1,910 | ₦1,840 |
| Chinese Yuan (CNY) | ₦195 – ₦200 | ₦205 – ₦210 | ₦199 |
| Japanese Yen (JPY) | ₦10.8 – ₦11.1 | ₦11.5 – ₦11.8 | ₦11.0 |
| Canadian Dollar (CAD) | ₦990 – ₦1,020 | ₦1,050 – ₦1,080 | ₦1,015 |
| Swiss Franc (CHF) | ₦1,470 – ₦1,500 | ₦1,550 – ₦1,580 | ₦1,510 |
| Saudi Riyal (SAR) | ₦370 – ₦375 | ₦390 – ₦395 | ₦385 |
| UAE Dirham (AED) | ₦375 – ₦380 | ₦395 – ₦400 | ₦390 |
Market Notes
The official rate reflects foreign exchange quoted by the Central Bank of Nigeria and authorized dealers. The parallel market rate (also known as the black market) reflects prices offered by Bureau de Change operators in cities such as Lagos and Kano, with generally a small premium over the official window. 1
The mid-market rate is the globally recognised benchmark average between buy and sell prices in international forex markets. Local institutions and banks may adjust this rate based on fees and liquidity. 2
Foreign exchange rates fluctuate throughout the day due to changes in supply and demand, monetary policy signals, and global market conditions. Readers should confirm the rate with their financial institution before making transactions.
Dollar to Naira rate today. Stay with Sojworldnews for daily FX updates, business reports, and economic insights.
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