DOLLAR VS NAIRA TODAY – As of Monday, March 16, 2026, the Nigerian foreign exchange market continues to show variations between the official window, the parallel market, and global mid-market benchmark rates.
SEE ALSO,
Exchange Rates Table
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,372 – ₦1,384 | ₦1,390 – ₦1,410 | ₦1,385 |
| Euro (EUR) | ₦1,495 – ₦1,515 | ₦1,650 – ₦1,680 | ₦1,660 |
| British Pound (GBP) | ₦1,760 – ₦1,785 | ₦1,920 – ₦1,960 | ₦1,940 |
| Chinese Yuan (CNY) | ₦188 – ₦192 | ₦205 – ₦210 | ₦207 |
| Japanese Yen (JPY) | ₦9.2 – ₦9.5 | ₦10.0 – ₦10.3 | ₦10.1 |
| Canadian Dollar (CAD) | ₦1,005 – ₦1,030 | ₦1,080 – ₦1,110 | ₦1,095 |
| Swiss Franc (CHF) | ₦1,520 – ₦1,540 | ₦1,610 – ₦1,640 | ₦1,625 |
| Saudi Riyal (SAR) | ₦365 – ₦370 | ₦385 – ₦395 | ₦390 |
| UAE Dirham (AED) | ₦368 – ₦372 | ₦390 – ₦400 | ₦395 |
Market Notes
The official exchange rate reflects transactions conducted within the Nigerian Foreign Exchange Market under the supervision of the Central Bank of Nigeria.
Meanwhile, the parallel market rate represents prices quoted by Bureau de Change operators and street traders across major cities like Lagos, Abuja, and Kano.
The mid-market rate is a global benchmark used by international currency platforms. However, it does not include local dealer margins or transaction costs.
Exchange rates fluctuate during the day depending on demand, supply, and liquidity in the foreign exchange market. Therefore, actual transaction rates may differ slightly.
DOLLAR VS NAIRA TODAY.
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