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Dollar vs Naira: Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,500 – ₦1,520 | ₦1,580 – ₦1,600 | ₦1,560 |
| Euro (EUR) | ₦1,620 – ₦1,650 | ₦1,720 – ₦1,760 | ₦1,740 |
| British Pound (GBP) | ₦1,900 – ₦1,940 | ₦2,050 – ₦2,100 | ₦2,080 |
| Chinese Yuan (CNY) | ₦205 – ₦210 | ₦215 – ₦220 | ₦218 |
| Japanese Yen (JPY) | ₦10.8 – ₦11.2 | ₦11.5 – ₦12.0 | ₦11.8 |
| Canadian Dollar (CAD) | ₦1,120 – ₦1,150 | ₦1,200 – ₦1,230 | ₦1,210 |
| Swiss Franc (CHF) | ₦1,650 – ₦1,680 | ₦1,750 – ₦1,780 | ₦1,770 |
| Saudi Riyal (SAR) | ₦400 – ₦410 | ₦420 – ₦430 | ₦425 |
| UAE Dirham (AED) | ₦405 – ₦415 | ₦425 – ₦435 | ₦430 |
Market Notes
The official rate is set by the Central Bank of Nigeria (CBN) for banks and authorized dealers. The parallel market rate reflects Bureau de Change (BDC) and street-level trading. Meanwhile, the mid-market rate serves as a global benchmark and excludes local premiums.
Exchange rates change throughout the day due to demand and supply. Therefore, users should confirm rates before completing any transaction.
Stay with Sojworldnews for daily foreign exchange updates and financial news.
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